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Amazon Breaks Through

Surprise, surprise. Amazon did it. They made a profit. In late 2000, CEO Jeff Bezos promised he would deliver earnings by the fourth quarter of 2001. Well, the reporting is in and he delivered, against all street predictions. Amazon reported net profit of $5 million with an operating profit of $59 million. That's real money. Overall sales hit $1.1 billion, giving the company its first billion-dollar quarter. Amazon still carries $2.2 billion in debt, but who's counting. Fact is, the Amazon made.

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Post je objavljen 11.01.2011. u 02:40 sati.