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

AMZN 244.41

+0.6%

Nov 7 9:30 AM EST

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To: igor who wrote (11303)	7/22/1998 5:24:00 PM
From: Oeconomicus	Read Replies (2) of 164684

igor, you are correct. Note also that, if you deduct the goodwill ($52mil), tangible net worth is negative $13 million. And that's assuming that the $5.4mil they added to "Deferred charges" and the $9.2mil added to "Prepaid expenses and other" have some tangible value and should not have been expensed. Does their new loan agreement have a minimum tangible net worth covenant? So, do we know yet what they bought in those three acquisitions for the $58 million they paid for intangibles? Bob

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