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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Glenn D. Rudolph who wrote (37897)	2/2/1999 6:05:00 PM
From: Bill Harmond	Read Replies (5) of 164684

>>Just a Gentleman's bet. Your bet's as good as lost. You're toast... The earlier you get through the denial/anger/negotiation/resignation stages on this one, the more comfortable you'll be in your old age. Here are the specifics on your negative inventory carry (from memory). Amazon: Delivery into inventory, day 1. Sale, day 14 (average). Payment recieved, day 16. Amazon pays vendor, day 58. Chain stores: Delivery into inventory, day 1. Sale, day 190 (average). Payment recieved, day 192. Chain pays vendor, day 81.

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