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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 3:59 PM EST
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To: Glenn D. Rudolph who wrote (128851)7/23/2001 5:34:10 PM
From: Alomex   of 164684
 
Just as many claimed here, the cash numbers announced last quarter made no sense. From The Street:


"[Amazon] appears to be burning cash faster than expected [...] Amazon said it expects to have $600 million in cash on hand by the end of the third quarter and $900 million by the end of the year. Notably, these were the same amounts the company targeted before the $100 million cash infusion from AOL. "

thestreet.com
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