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    Tuesday
    Jun032008

    Amazon and Google, Winning the Battle

    DateTuesday, June 3, 2008 at 11:17PM

    And, the news continues about amazon and google, claiming these 2 will be the winners as the US Internet matures. Reuters reports on a new study.

    SAN FRANCISCO (Reuters) - An Internet analyst for a major Wall Street firm argues in a new report that Google Inc and Amazon.com Inc will be long-term winners, while Yahoo and IAC InterActiveCorp fall by the wayside and eBay Inc becomes a merger target.

    Sanford C. Bernstein analyst Jeffrey Lindsay argues in a 310-page report entitled "U.S. Internet: The End of the Beginning" to be published on Tuesday that Google and Amazon are best placed to withstand the current economic downturn.

    "We expect two players to continue to perform strongly, Google and Amazon," Lindsay writes. "Both Google and Amazon.com are still racking up annual growth rates in the 30-40 percent range, with only a relatively modest slowdown in sight."

    | CommentPost a Comment | AuthorDave Ohara
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