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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%3:59 PM EST
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To: H James Morris who wrote (116387)1/30/2001 1:02:21 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
Danny, bought Amzn at 19. This will probably be a burger flip.

James,

Forget the rumor. Amazon has a real cash problem. Note the very small inventory level at close of business 12/31/00. No new real inventory increases since then. Cash is a real problem and the real rumor is no once can easily raise it for them. GS apparently gave up and MS can't find a profit in it this time. Those are the rumors about the underwriters. The need for cash is a fact based on what I see come out of the firm.
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