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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Alomex who wrote (122108)	3/29/2001 8:02:04 PM
From: Skeeter Bug	Read Replies (1) of 164684

alomex, i bet they amzn has one time write-offs IF they can make the pro forma thing work - which they may not be able to do... EXCELLENT article w/ ravi suria interview... amzn mentioned in last paragraph of part 2. maybe bezos should have sold paper bags on the internet, dude! ;-) thestreet.com >>Brett D. Fromson: Let's change gears and talk briefly about a company that you know well, Amazon.com. Ravi Suria: Amazon is a retailer that was masquerading as a tech company for a number of years. It borrowed too much money. And the money is running out. Unless somebody comes and gives it more, the company will have to go through restructuring in the next 12 months. That doesn't mean it goes out of business. The Web site survives. It's a great asset and it will be a great asset to somebody. It just means that the current capital structure and the current operating model don't work. Their operating model clearly does not work. Why not? Because it doesn't make money. As somebody said the other day, "Anybody who sold one paper bag for a 10-cent profit made more money, a heck of a lot more money, than Amazon has over the past five years." Debtholders will most likely end up owning the company.<<

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