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

AMZN 227.92

+0.5%

Dec 9 4:00 PM EST

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To: jbr29 who wrote (96946)	3/20/2000 6:53:00 PM
From: Bill Harmond	Read Replies (3) of 164684

The Barron's story was ill conceived and misleading. I know of two companies to have responded, VerticalNet and Intraware. In VerticalNet's case Barron's story was wrong by a factor of 24. The story and sidebar said VerticalNet would run out of cash my May, 2000, two months from now. The CFO said on CNBC this evening that there are cash and securities on hand to finance the company at its current loss rate until 2004, but that they expect profitability by 2001. Remember the "Amazon.bomb" story on Barron's cover a while ago? Even after this correction Amazon is higher than when that story was published. The financial press is populated by story-writers, not financial analysts or company insiders.

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