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

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: Glenn D. Rudolph who wrote (124092)	4/24/2001 10:17:38 PM
From: The Reaper	Read Replies (2) of 164684

So they are saying that actual cash burn will only be around $40 million in this quarter since they will need an actual $400 million in cash on their balance sheet to go with their $200 million in play money masquerading as marketable securities to get their $600 million number at the end of Q2 2001. Who the hell are the auditors for this company and how do they let them continue to carry their "investments" at cost rather than marking them to market. Before anyone corrects me, I realize that quarterly statements need not be audited. At the very least AMZN management seems to be $100 million off on their cash projections for end of Q2 unless they're going to stop paying their vendors starting in June. <g> Maybe they're going Chapt. 11 to conserve cash starting in June. Just had one of my customers do that to me this week. Gerald Stevens (GIFT) $32/share a year ago and now crossing the tape at $.07/share. Covered that short way too early. :( kirby

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