Just as I predicted in my previous post, the price war
between Walmart and Amazon has spread from
books to everything else. It is great for consumers but not so good for the companies.
Walmart can afford to lose money on their online business for a couple years to build it up but Amazon can not. Online is its only business. In a year, Amazon stock price will collapse just like
RIMM. Online shoppers are very price
conscious. Competition will kill the margin.
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