Overstock Pride Goes Before Fall

Hate to join the crowd kicking this sick horse, but for those who have followed the Overstock story over the last couple of years, the company’s pathetic Q3 results–and the sheer predictability of same–can only leave one shaking one’s head. For the last two years, Overstock CEO Patrick Byrne has howled and ranted on television, …

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Amazon Music Strategy a Wrong Turn

The WSJ reported Amazon’s plans to offer an Amazon-branded iPod competitor and digital music download store.  I haven’t done much work in this area yet, so please weigh in, but this strikes me as a startlingly bad move. First, Amazon’s entry into this business is shockingly and annoyingly late.  As with the Netflix DVD business, Amazon could …

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Huge Net Capex: One-Time or Permanent?

The WSJ describes a key issue facing the big net companies, especially Google: massive (and increasing) capital spending.  Last week, for example, Google stated that 2006 CAPEX would “significantly exceed” 2005’s mind-boggling $800 million, prompting analysts to toss out 2006 estimates in the $1.25 to $1.5 billion range.  Yahoo! spent $400 million last year, up from $250 …

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