24 Quotes by Scott Devitt

I would expect this sell-off to continue tomorrow. It will be an interesting day in the Internet sector tomorrow. I can guarantee you that.

I don't think it will drive that much traffic. Why would a consumer go to Amazon to sign up with Fidelity? It sounds interesting but why? What's the value proposition?

We found Amazon results to be mixed and we believe the shares could be weak through the spring/summer months.

We are looking for an appropriate entry point and a more realistic set of expectations from investors. We would be aggressive buyers ... in the lower $US300s.

We would be opportunistic at current levels and would become aggressive buyers around $30 per share, all else being equal.

This new contract for five years is a positive indication that the GDS business, while mature, is taking positive steps to ensure its longevity. We view the deal positively and believe that other carriers may follow suit.

Consumers start out with books and as they become more comfortable buying on the Internet, they climb the average selling price ladder. Before you know it, they?re buying expensive jewelry on the Internet.

The search engines have been working on book-copying strategies themselves. This is Amazon showing people it too has a pretty compelling database of book text.

These businesses are not meant to be managed on a quarterly basis but people take quarterly results and extrapolate them to come up with a long-term value for the stocks. You have to look at them with time horizons of two or three years, not two or three months.