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

AMZN 239.30

-1.0%

Jan 30 9:30 AM EST

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To: Lizzie Tudor who wrote (146060)	8/23/2002 5:45:13 PM
From: Oeconomicus	Read Replies (4) of 164685

Liz, looks like good yr-yr growth (Glenn, is the yr-yr comparison valid? You know, "same store sales" basis. Didn't they add some new major categories in the last year?), but they are still losing money. Last qtr, even adding back currency and investment losses, they lost around $30 million. A penny or two LPS improvement vs last qtr still leaves them with a 6-7 cent loss. The consensus "proforma" loss estimate is 4 cents. If the 3% sales gain over last qtr (and over his previous sales number) is the basis for 1-2 cents of improvement, they've still got to take $7-11 million out of their costs just to get to the existing consensus. Is guess the point is I'm still not impressed. At this rate of progress, they will never be able to repay their debts. JMO, of course. Bob

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