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

AMZN 233.95

+0.3%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (111470)	10/30/2000 3:08:49 PM
From: Alomex	Read Replies (4) of 164684

Barron's article and the SEC investigation echo questions that Glenn raised here many months ago. Looking back on this forum I can see quite a few far reaching calls made well ahead of similar calls from "analysts": 1. Amazon would require warehouses, thus invalidating their claim of zero-inventory company. 2. Amazon has the same model as a mail-order company, not the model of a "new economy" company (whatever that means). 3. The business model is suspect (meaning, it is reasonable to question if it will ever make any money). 4. Suspect circumstances surrounding bond offerings. 5. Questionable accounting practices. 6. One time gains in cash position in Q3'2000. 7. Possible inability to pay back debt. 8. Others? All of these are now coming to light. Be it by Amazon's own actions, SEC investigation, Suria from ML, you name it. Pardon the self congratulatory tone, but I'm impressed with how many calls (and how far ahead) this forum in general and Glenn in particular got right.

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