Wednesday, February 01, 2012

Amazon Shares Drop as Revenues Fall Short - NYTimes.com

It’s easy to succeed in business; every company simply needs to be more like Apple…

“With the valuation Amazon is carrying, you got to perform,” said Colin Gillis, senior technology analyst for BGC Financial. “You’ve got to be like Apple — smash through the numbers people are afraid even to whisper. Instead, they’re only making slightly over a penny on every dollar in revenue. That’s pathetic in any industry.”

Other analysts were more optimistic.

“The long-term story is very much intact,” said Scott Devitt of Morgan Stanley, although he noted that investors might not be buying the stock for the next six months or so.

Amazon Shares Drop as Revenues Fall Short - NYTimes.com

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