Matters Financial

27 October 2003


Amazon Beats Expectations -- Stock Drops
Amazon's third quarter numbers came out last week, and they were better than market expectations. The e-tailer managed to beat expectations by a penny a share earning 11 cents a share, excluding certain items; third quarter last year, the figure was zero cents per share. On such good news, the stock fell about 2.5%. What is the market thinking? Click here to read more.

Diller Warns on Media Concentration
Barry Diller is not the sort of fellow who says stupid things off the top of his head. When he speaks to the business community, he has thought things out and is taken seriously. So when he announced that regulators should establish guidelines to prevent excessive consolidation in the media, Wall Street took notice. Click here to read more.

Google IPO Slated for Next Year
Just as xerox has become a verb meaning to photocopy, google has become the action word meaning to search the internet. It is derived from the search engine Google.com. While there are countless such engines, Google.com has become the most popular. It is also likely to go public in the $16 billion range. The reasons for the firm's success lie in very old-economy ideas. Click here for our view.