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

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: Alomex who wrote (111208)	10/26/2000 9:01:18 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Here's an update to First Bank of Alomex outlook on Amazon: -AMZN will need $100 million refinancing Q2'2001. -Long term AMZN will make be profitable with low margins. -Target share price, unchanged since 1997, is upgraded from $6-10 range to $6-15 range. Alomex, Thank you. I agree with the need for funds in Q2 2001. However, I believe $100 million is inadequate. That will be gone by Q4 2001. I still cannot put a working model of profitbility here unless the current margins last quarter were accurate meaning the method of accounting for inventory did not change. It is very unusual to get a 6% increse in gross margins in one quarter. Also, Amazon already stated that gross margins will decline this quarter. Why is that? Maybe they already used the accounting trick to increase them last quarter?? All guesses here. Glenn

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