Amazon.com, Inc. (AMZN) Message Board

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

AMZN 227.37

+0.3%

Dec 19 3:59 PM EST

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To: MoonBrother who wrote (37075)	1/27/1999 8:50:00 AM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Amazon.com's strong balance sheet allows the company to pursue this aggressive strategy due to its total cash and marketable securities balance of $373 million. It is time to send this man bac to school for accounting. A balance shee is stagnant at any point in time but one can determine the financial condition from this statement. It is accurate that cash and scurities were $373 million as of December 31, 1998. However, he left off the fact that accounts payable, not long term debt, was $175 million shich would have had to be disbursed as of now. Let' look at this number today. Cash and securities $200 million. He must have forgotten that. Glenn

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