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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: Mark Fowler who wrote (57095)	5/17/1999 3:46:00 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Glenn when you talk about negative carry back has ended, exactly what do you mean by that? Mark, I admit to using a little speculation. AMZN did received money for merchandise sold prior to having to pay their suppliers. The turn in their inventory was fast enough to provide a negative carry back of 32 days I believe last quarter. It was 38 days the quarter prior but that was the holiday season. I suspect their need to inventory more product has made the negative carry back 10 days or less and possible not at all. We will know after the next numbers report. Glenn

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