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

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: Bill Harmond who wrote (134658)	11/13/2001 8:58:32 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Is Amazon out of business? Our bet is that Amazon will or won't make it. Glenn has been saying that Amazon will be toast, and so far it's not. I never made the statement Amazon will be toast. It is a common statement. I did say Amazon will fail. Bankruptcy will occur but that was not the gist of my bet. I predicted and still do that Amazon was a poor business model. I have stated hundreds of time that Amazon could never be profitable until fulfillment costs were lower than gross margins. So far they are not and so far Amazon is not profitable. Also, if the equity markets had not been so kind to Amazon, they would be long gone. The recent AOL cash influx was a necessity to get through Q4. I am of the opinion that KP helped that move along. In any case, Bill you are hiding behind a smoke screen. I can't believe you see Amazon losing millions of dollars daily and yet you will not admit the fundamentals of theic company are terrible. Not only that, investing in a company you think may make it and has not gone out of business yet, indicates you can't possible feel they have strong fundamentals. You may play with words with me all you wish. My opinion is you are gutless and unable to admit I was right on when it came to Amazon's fundamentals. There are posts here prior to the second convertable bond offering where you told me Amazon would not need any more case. Amazon raised $675 million during the second offering and then received a gift of $100 million from AOL and their continued existance is still suspect. Take away the $775 million raised and what do you have? As I said just recently in my opinion, Bill you are no better ethically than the analysts that pump a stock while they sell it or the insiders taking billions of dollars out of a money losing enterprise. Your attitude and lack of ability to face up to your apparent ignorance about the fundamentals of Amazon actually amazes me. I can't recall ever meeting anyone like you ever. I know you state you do not care what others think of you. To be honest I am not always out to win a popularity contest but I surely care what I think of me. I have to live with me and no one else has to do that. I can't for the life of me figure out how you can live with yourself and I am thankful everyday I do not have to live with you. Good luck there General!

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