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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: Bill Harmond who wrote (52608)	4/25/1999 2:15:00 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Amazon will be arround for a long time. "We're fortunate to benefit from a business model that is cash-favored and capital efficient. We do not need to build stores and stock those stores with inventory, our centralized distribution model has allowed us to build our business to a billion-dollar sales rate with just $30 million in inventory and $30 million in net plant and equipment. In 1998, we generated $31 million in operating cash flow which more than offset net fixed asset additions of $28 million." Jeffrey Bezos, from Letter to Shareholders, 1998 Annual Report William, December 31st does not show an accurate picture. I explained that. Let's revisit this April 28th after the numbers are out<G> Glenn

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