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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 (124068)	4/24/2001 7:33:15 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

It seems to me that the figures released today confirm this. Cash decreased by $450 million, while accounts payable went down only by $235 million. For a net cash burn rate of $220 million. Am I missing something? You are not missing anything. The cash burn though will always be higher in Q1 compared to any other quearter. On the other side of the coin, Amazon in their conference call only talks about cash burn for Q1 through Q3. They leave of Q4 except to mention their planned cash position at that point in time. Of course, this is when the payables are the highest. Mr spread sheet shows cash burn of about $125 million for Q2 and Q3. That is only $1.5 million per day. That does not change the working capital situation significantly when entering Q4. I believe the beginning of Q4 will have $200 million in the back. Not a big deal either way.

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