Amazon's Brighter Horizon?

Higher spending on new technology has been doing a number on Amazon.com's profit in recent quarters. But the company -- and its investors -- may be seeing the light at the end of the tunnel. Amazon executives said on Apr. 25 that spending growth on new tech and content initiatives will slow considerably later this year. "It's going to be substantially lower in the second half," Amazon Chief Financial Officer Tom Szkutak said on conference calls with the press and analysts.

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