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

AMZN 229.60

+1.5%

3:59 PM EST

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To: Bill Harmond who wrote (102928)	5/8/2000 8:43:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

How do you square these (over-the-top, IMO) estimates with the company's assertion that they will finance even capex from cash flow this year? William, I am being blunt. I do not believe management. I do not believe the book business was truly profitable in Q4 99 and Q1 of 2000 either. It was a matter of cost allocations. Finally, this is their quote: "they will finance even capex from cash flow this year?" Did they say how? Glenn

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