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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Glenn D. Rudolph who wrote (129135)	7/26/2001 11:36:58 AM
From: Alomex	Read Replies (1) of 164684

If you do the math that works out to selling dollar bills for 86 cents. This is very close to the cash burn of last quarter. Nothing has really changed. I was punching in the numbers into a spreadsheet that calculates all expenses as percentage of sales. I was suprised by how little they changed from last quarter. From those figures it seemed they made almost no progress in their quest for profitability, suggesting then that the proverbial "path-to-profitability" is just not there. IMHO, Amazon will have sales in Q4'01 for $1.1 billion and then announce massive layoffs during their January 2002 conference call (I'm talking 30-50% of labour force here boys and girls), with a promise of cash flow positive for Q2'02 to keep the hype and spin machine going....

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