The Seattle-based online retailer reported late Wednesday first-quarter earnings and revenue that topped Wall Street estimates, but shares fell as investors expressed worries over margin growth and the impact of a weak U.S. economy.

"While [the] the company's position in e-commerce remains strong, we are hesitant to step in here as we believe [the] stock remains exposed to macro-consumer data points, which may continue to trend negative," Merrill Lynch analyst Justin Post wrote to clients. The brokerage maintained its neutral rating on the stock.

Shares of GSI Commerce surged 20% to $13.60.

Goldman Sachs analyst Jennifer Watson maintained her buy rating, saying the quarterly results exceeded investor expectations and should drive increased confidence in full year forecasts and the long-term growth profile of the company.

Watson also marginally raised her 2008 revenue and operating income estimates.

Jefferies & Co. kept its buy recommendation, saying GSI's existing service partner revenue growth of more than 20% suggests "fears of a slow-down in e-commerce trends are overblown."

Piper Jaffray also maintained its buy rating, but lowered its price target to $17 from $20. The firm said current valuation is compelling given expectations for 30% growth in long-term per-share earnings.

Elsewhere in the sector, shares of eBay Inc. slipped 11 cents to $30.56, Overstock.com dropped 9 cents to $17.37, and Blue Nile Inc. lost 27 cents to $46.21.

Among other gainers, shares of Stamps.com Inc. rallied 12.5% to $12.23.

Vistaprint Ltd. rose 27 cents to $34.45.

Bidz.com was flat at $9.11. Wanfeng Zhou wz/pc

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

"We are shocked and disgusted that Amazon.com is seemingly unwilling to stop the sale of such items, in spite of protests earlier this year. Not only is the slogan in bad taste, but to target children with clothes emblazoned with pro-Nazi slogans is particularly despicable," the WJC's Secretary-General Michael Schneider said. "Companies have a responsibility. To make money with items glorifying the Nazis sets a very bad example. A lack of sensibility will ultimately do them serious damage as customers will rightly go and shop elsewhere."

Schneider called on Amazon to remove the entire collection of shirts from its website and to end its business relationship with the manufacturer of the line, "Direct Collection" to avoid any repetition of this or similar cases in the future. He added that the dramatic rise in hate speech via the internet could only be contained if all stakeholders in society, including businesses, took their responsibilities seriously. "Let's hope Amazon heeds the call this time," said Schneider.

The WJC Secretary-General also called on internet operators to curb the dissemination of anti-Semitic material. "When you see how much neo-Nazi and anti-Semitic material comes up through search engines such Google or on video platforms such as Youtube you are shocked," Schneider said. However, he expressed hope that companies will enter into dialogue on this important issue before things get worse.

The World Jewish Congress is the international organization representing Jewish communities in over 80 countries around the world. The WJC serves as the diplomatic arm of the Jewish people to governments and international organizations.

SOURCE American Jewish Congress

www.worldjewishcongress.org

Audible Frontiers imprint and exclusive production agreements:

Audible is launching its original science fiction and fantasy audio imprint, Audible Frontiers, backed by a series of exclusive production agreements with today's most-popular writers. The goal of Audible Frontiers is to expand greatly the number of audiobooks available to science fiction and fantasy fans. As a result, Audible is bringing to audio for the first time works by Jack Campbell, Harry Turtledove, Joe Haldeman, Robert J. Sawyer, Mike Resnick, Allen Steele, Connie Willis, Simon R. Green, Sean Williams, and other authors. These titles include more than a dozen Hugo and Nebula Award-winning novels and novellas.

"Science fiction is all about exploring strange new worlds -- and doing it in new ways! I'm excited to be part of Audible's initiative, and applaud them for recognizing what Hollywood has long known but few others seem to have grasped: the most popular entertainment today IS science fiction," said science fiction favorite Robert J. Sawyer.

Orson Scott Card Selects:

In an exclusive relationship, Audible is launching a monthly recommendation program with Hugo Award-winning Orson Scott Card, the author of the classic Ender's Game, and one of the industry's best-selling writers. Card will provide exclusive audio critiques of each selection.

"It's easy for great novels and novellas to get lost in the bookstore - not everything can get front-of-store display!" Card said. "That's what I'll be doing with 'OSC Selects' - moving new and classic sci-fi and fantasy right to the front, so fans will have a better chance of noticing terrific stories performed by first-rate readers."

"Orson Scott Card Selects" kicks off with the April selection, Star Born by Andre Norton.

Guest Editors:

Each month, a different prominent science fiction and fantasy writer will write an exclusive guest column for Audible customers, highlighting great listens in the Audible catalogue. Best-selling author Ben Bova will be the inaugural Guest Editor for April.

"Audiobooks have opened a new dimension to the enjoyment of good fiction, and I'm happy to be part of the Audible team that brings the best in science fiction (and other genres) to this new and growing audience," said Bova.

In addition, through content relationships with HarperCollins, Macmillan Audio, Recorded Books, Blackstone Audio, Harlequin, and Wonder Audio, Audible is pleased to offer digital exclusives from John Scalzi, Vernor Vinge, Jay Lake, Philip K. Dick, Philip Jose Farmer, Kim Stanley Robinson, Maria V. Snyder, and many more.

The Audible science fiction and fantasy catalogue now exceeds 1,500 titles. Visit www.audible.com/scifi for more than 100 exclusive and digital exclusive titles and more than 50 Hugo and Nebula Award winners.

About Audible

Audible (www.audible.com) is the leader in spoken audio information and entertainment on the Internet. Content from Audible is downloaded and played back on personal computers, CDs, or AudibleReady computer-based and wireless mobile devices. Audible has over 40,000 audio programs from more than 470 content providers that include leading audiobook publishers, broadcasters, entertainers, magazine and newspaper publishers, and business information providers. Audible is the preeminent provider of spoken-word audio products for Apple's iTunes Store. Audible, Audible.com, AudibleListener, AudibleReady and AudibleKids are trademarks of Audible, Inc. or its affiliates. Other product or service names mentioned herein may be the trademarks of their respective owners.

About Amazon.com

Amazon.com, Inc., (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as books, movies, music & games, digital downloads, electronics & computers, home & garden, toys, kids & baby, grocery, apparel, shoes & jewelry, health & beauty, sports & outdoors, and tools, auto & industrial.

Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Examples of the services offered by Amazon Web Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS), and Amazon Mechanical Turk.

Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at www.joyo.cn and www.amazon.cn.

As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, significant amount of indebtedness, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007, and subsequent filings.

SOURCE: Audible

Audible, Inc.
James Pearson, 973-820-0474
jpearson@audible.com

Logo, which is the leading curator and aggregator of LGBT entertainment on-air and online, will recommend and select audiobook titles at the Logo boutique from prominent, new and cutting edge authors, including E. Lynn Harris, Patricia Cornwell, Miranda July and Christopher Rice. Logo's OutFirst website at LOGOonline will feature hand picked audio selections from the Logo boutique and special bonus content, such as interviews between featured authors and Logo's editorial team.

"This new partnership will bring the LGBT audience closer to authors that speak directly to them," said Lisa Sherman, executive vice president and general manager, Logo. "We're thrilled to give the greatest LGBT writers a powerful new stage to tell their stories."

"For entertainment-loving, MP3-carrying people in the LGBT community, life is about to change," said Beth Anderson, executive vice president and publisher, Audible, Inc. "Now, they'll find a new way to discover new authors and books and to revisit old favorites. And for all the time-stretched multitaskers in the community, they'll see that downloading is a new way to put time back into their lives as they listen to great books, anytime and anywhere."

This relationship represents an important fusion between the nation's leading provider of downloadable audiobooks and other spoken-word audio content and the leading creator and curator of LGBT entertainment. Logo will promote the new Logo Boutique online at Logo's portfolio of websites, including LOGOonline.com, AfterEllen.com, AfterElton.com, 365gay.com, Downelink.com and NewNowNext.com.

About Audible Inc.

Audible (www.audible.com) is the leader in spoken audio information and entertainment on the Internet. Content from Audible is downloaded and played back on personal computers, CDs, or AudibleReady computer-based and wireless mobile devices. Audible has over 40,000 audio programs from more than 470 content partners that include leading audiobook publishers, broadcasters, entertainers, magazine and newspaper publishers, and business information providers. Audible is the preeminent provider of spoken-word audio products for Apple's iTunes Store. Audible, Audible.com, AudibleListener, AudibleReady and AudibleKids are trademarks of Audible, Inc. or its affiliates. Other product or service names mentioned herein may be the trademarks of their respective owners.

About Amazon.com

Amazon.com, Inc., (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as books, movies, music & games, digital downloads, electronics & computers, home & garden, toys, kids & baby, grocery, apparel, shoes & jewelry, health & beauty, sports & outdoors, and tools, auto & industrial.

Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Examples of the services offered by Amazon Web Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS), and Amazon Mechanical Turk.

Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at www.joyo.cn and www.amazon.cn.

As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, significant amount of indebtedness, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007, and subsequent filings.

About Logo

Logo is the ad-supported network targeting lesbian, gay, bisexual and transgender (LGBT) viewers, launched by MTV Networks. The network launched June 30, 2005, with more than one thousand hours of content and has approximately 30 million subscribers across the United States. Logo provides LGBT audiences with a place where they can see themselves through a mix of original and acquired entertainment programming that is authentic, smart and inclusive. Logo joins Viacom's roster of popular and highly targeted cable networks which include MTV, Comedy Central, BET and Spike TV.

ABOUT MTV Networks

MTV Networks, a unit of Viacom (NYSE: VIA, VIA.B), is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 120 channels worldwide, owns and operates the following television programming services - MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN, VH1 CLASSIC, LOGO, MTVN INTERNATIONAL, and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services, with all of these networks trademarks of MTV Networks. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 100 interactive properties worldwide, including online, broadband, wireless, and interactive television services can be seen worldwide.

SOURCE: Audible Inc.

Logo Communications and Public Affairs
Steven Fisher, 212-654-3035
steven.fisher@logostaff.com
or
Ashok Sinha, 212-654-3042
ashok.sinha@logostaff.com
or
Audible.com
James Pearson, 973-820-0474
jpearson@audible.com