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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

3:59 PM EST

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To: Bill Harmond who wrote (93464)	2/13/2000 9:47:00 PM
From: Eric Wells	Read Replies (1) of 164684

That's rediculous. William - thanks for your comments. "Ridiculous" means NOTHING! As I mentioned in my post, Amazon announced a strategic alliance with Drugstore.com in Feb of '99. And now we have another strategic alliance that is going to cost Drugstore.com $105 million. I find it interesting - not ridiculous - especially since the deal can be interpreted as a balance sheet transfer. "Currently" means NOTHING! Ah, this must be the mantra of the new economy. And current lack of profitability means nothing either - as long as we keep repeating this to ourselves, everything will be okay. Certainly the current state of a company's business as well as the current state of the competition bears some relevance. You've offered no insight into why Amazon invested in Greenlight over other online car companies. Do you have any knowledge of why Amazon chose Greenlight? That is not the case at all. Yes, Amazon just raised more cash. But I wrote that there were two potential reasons for Amazon's recent deals: raising cash and generating low-cost revenues. At Amazon's current burn rate, the cash just raised through the debt offering will only last them 9-12 months. To say Amazon doesn't need cash - now or 9-12 months from now - well, to say such a thing would be a bit ridiculous wouldn't it? Thanks, -Eric

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