Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Mark Myword who wrote (3520)	4/28/1998 1:05:00 AM
From: Gary Korn	Read Replies (3) of 164684

William, Not you, but other posters here are talking about a pop to 100 or more tomorrow. That is some 18 points above the close. YHOO made a similar pop, but it actually reported net earnings that were double those of the prior quarter. In contrast, AMZN reported a $9M plus LOSS, about the same as the prior quarter. While YHOO is adding to cash at a quickening rate, AMZN is burning cash at a high constant rate. AMZN may pop, but not to 100 IMHO. On the other hand, the futures are very strong at the moment, so the general market may carry AMZN up. The way my simple mind figures it, this company will have used up its remaining $23MM IPO cash before year-end and, therefore, will effectively be using borrowed money to meet its payroll obligations by that time. That just can't be good. Gary Korn.

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