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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
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To: Glenn D. Rudolph who wrote (131922)9/26/2001 4:23:15 PM
From: Alomex  Read Replies (2) of 164684
 
With the latest events there is little doubt in my mind that, barring government aid, Amazon will declare bankruptcy. This will be done along the lines of Covad and Exodus, with the agreement of main creditors.

Once Amazon removes payments on the distribution center, fires another 30-50% of their staff and converts all debt obligations to shares it will actually be in the path to profitability. Profits would be about $10-50 million a year. Give it a P/E multiple of 20 for a market cap of $200-1000 million dollars of which current shareholders might end up owning 0-20%.
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