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Jeff Bezos

TVI PERSON OF THE WEEK - Vol 49- POW 68

NEWS Convergence - 47th Week of 2005

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Feature Story - "Images"- 102 Jeff Bezos and Amazon Celebrates 10th year - 29the Week 2005 / SEATTLE -- Soon after Amazon.com Inc. debuted 10 years ago, Jeff Bezos and his handful of employees spent late summer nights packing books in a tiny warehouse, scrambling to ship a growing gush of orders. - More Story 102BezosAmazon10thyear.htm

Center Page / Biography TIMELINE:

Jeffrey Preston Bezos
is the son of Miguel "Mike" Bezos , and Jacklyn Gise Bezos. Jeff has a younger brother and sister.
Jeff Bezos gives his grandfather, a retired Atomic Energy Commission manager, credit for guiding his thoughts to higher ambitious and intriguing adventures.
----- Bezos worked on science and engineering projects that eventually piled up in his parents' garage. His passion for building things was proved when he built his own Infinity Cube, a cube made up of motorized mirrors which allow the user to stare into in an infinite world.
-----When his mother said its $20 cost was too expensive, he bought the pieces cheaply and built it himself. This story is documented in "Turning On Bright Minds: A Parent Looks at Gifted Education in Texas." Incidentally, the book, published locally in the Houston area in 1977, is not available on Amazon.com. Bezos spent many summers on his grandfather's ranch in Cotulla, Texas, where he exercised his hands-on engineering abilities by fixing windmills and doing other such chores
----- By age 16, he could fix windmills, use an arc welder and castrate cattle. In his late grade school years, Bezos became fascinated with the Infinity Cube, which uses a set of motorized mirrors to let the user stare into "infinity."
-----In 1986 -- graduated from Miami's Palmetto High School. He was elected class president and valedictorian,
-----In 1988, after graduating from Princeton, majoring in Electrical Engineering and Computer Science, Bezos joined FITEL, a high-tech start-up company in New York.
----- In 1988, Bezos joined Bankers Trust Company, New York, leading the development of computer systems that helped manage $250+ billion in assets and becoming their youngest vice president in February, CLICK FOR MORE TIMELINE
ByLines: Editors Note
Internet commerce.
-----"Obsess about customers, not the competitors", is the motto of Bezos' present obsession -- Amazon.com . The company known today as the most visible symbol of consumer electronic commerce started when he discovered the exponential growth of the Internet. He and his wife Mackenzie (a novelist) moved to Seattle and started Amazon.com from their rented suburban house.
-----Before "opening" its doors for business on the Internet, Bezos and his team spent a year developing database programs and creating the Web site, which sells books, music and videos on the Internet. Although the profitability of the company is next to nil - all the extra cash is used for marketing and for buying other companies - the accomplishments of Amazon.com are tremendous:
-----* It beat Sears in market capitalization value (the number of outstanding stock shares multiplied by stock price), with $17 billion in 1998.
-----
* It went public in May 1997, and is traded on the NASDAQ as AMZN. Its many employees have stock options and are now millionaires.
-----
* It is to date, Amazon is the leading online shopping site, with sales expected to exceed $6.7 billion in revenue in 2004. About 25% will come from third-party sales of $1.92 billion.
-----
* More than 800,000 third party affiliate Web sites are linked to Amazon.com, to sell goods listed.

Why did Jeff Bezos decide to name his company Amazon.com?
-----
 Bezos and his team spent a year creating their Web site and developing the database programs that they knew they would need. They hired a marketing firm to test several names for the new online company with consumers. Amazon was picked because words starting with "A" show up on search-engine lists first.

What can you do when you visit Amazon.com?
-----
Amazon.com tries to offer the broadest possible selections while being customer-friendly and easy to navigate. Search engines make it possible to find books by author, title, subject or keyword and music by artist, CD title or song title. Reviews are provided and readers and listeners are allowed to comment on books and music as well.
-----
Every time a customer buys a book, Amazon.com's computer uses the information to recommend similar books. Bezos says, "The goal here is not rampant consumerism. The idea is to use technology to capture information about consumers and their interests and match individuals with other products they might like, including items they don't even know exist." (USA Today)
-----Bezos is known as a fan of science fiction (his Labrador is named after an obscure Star Trek character); witty; gregarious; keenly interested in anything that can be revolutionized by computers; and known to have an explosively loud laugh. He definitely has a lot to laugh and smile about.

TVI Magazine ONLINE / IS YOUR INDUSTRY WEB SITE Ready for the future?
----- TVI Magazine introduces here a new marketing forum for the international television industry: a dynamic online service on its Web site. TVI Magazine will now effectively serve the new marketing needs of all entertainment companies with a tool that offers almost instantaneous promotion updates. Company promotional material that appears on TVI Magazine's Web site can be hyperlinked with the company's own URL. TVI Magazine can also link the ads to a special Web page for the advertiser and then link that page to the advertiser's URL.
----- To ensure that visitors find their way to promotion information and product updates, TVI Magazine is listing TVI Magazine Online on more than 250 of the world's most popular search engines and electronic directories.
----- Online ad space can be purchased in monthly increments (with a one-month minimum). At renewal time, advertisers can change their ad and/or move it to another space if one is available. The TVI Magazine Web site will indicate the total number of hits on the home page per month and per day, enabling advertisers to monitor their reach and billings regularly.
----- TVI Magazine has two key pages for ad placement: the index page (home page) and the main page (main page of articles). Less expensive ad space is available on article pages. Advertisers can provide the artwork and/or logo, either by submitting the file electronically or via an existing graphic on the Web that TVI Magazine's online team can grab.
----- Most ads can be posted on the TVI Magazine site within a few hours. However, in the event that any graphic manipulation is required, one must allow more time before the ad is posted, usually two to seven business days for a static banner and up to 10 business days for an animated banner ad.

-----It just goes to show you, says Troy about the TV and Film industry -- "NOTHING IN THIS WORLD IS PERMANENT" . . . so follow the money - - and take some advice from a dinner-time chat with "Stonehead" -- Disappointments Are Great! Follow the Money . . . the Internet and the Smart- Daaf Boys.

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01 / VoIP Speech By Michael Powell with Troy Cory Text: On Property Seizures
People: MICHAEL K. POWELL

November - 462005 Jeff Bezos - POWeek 68
NEWS Convergence - 46th Week of 2005
About The Person Of The Week / TVI-68
Jeff Bezos
Founder and CEO of Amazon.com

CLICK FOR MORE ABOUT THE PERSON OF THE WEEK - PEOPLE
Jeff Bezos Biography - PEOPLE

TVI Editor's Notes & Related Stories Jeff Bezos, the founder of Amazon.com, previewed its new service to sell just a few pages or chapters of a book -- allowing one of the world's oldest media to be chopped up and customized like an album on iTunes. More Story

RELATED STORIES - 102 Jeff Bezos and Amazon Celebrates 10th year. - More Story 102BezosAmazon10thyear.htm - (Continue)

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Josie Cory
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