We're standing behind the transaction with our own pocketbook.
This is the cheapest and easiest way to have an Internet (sales) strategy. This solves all the problems. We charge the customer's credit card and deposit the money directly into your bank account.
Amazon employees bought a lot of cool stuff as part of the beta program.
We're taking no chances in marketing this holiday season.
We try to be a pure investment and a long-term decision making company. No company cares more about profitability than Amazon.com. But I also want to make the most of our opportunity and we would hate to be short-sighted about that.
As the era of Internet sector investing comes to a close, it appears that investors are becoming more discerning about companies on an individual level, something we believe will result in a positive impact on the competitive landscape.
[In connection with the restructuring, Amazon said it will take a charge against earnings of more than $150 million in the first half of 2001.] No company enjoys making such a decision, and it's always difficult and painful ... But it was clearly the right business decision for us as we pursue making this into a profitable company.