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Technology Stocks : Dell Technologies Inc.
DELL 131.56-1.8%9:34 AM EST

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To: Chuzzlewit who wrote (128160)5/24/1999 6:52:00 PM
From: stockman_scott  Read Replies (1) of 176387
 
~OT~ FYI...A Little Panic (and Entertainment from the AMZN thread)...

<<To: Tradegod
From: KeepItSimple
May 24 1999 5:21PM EST
Reply #58244 of 58259

I predict within 6 months, investors will be suing Amazon for executive misrepresentation of the viability of AMZN. Or some other claim- it doesnt matter because when Amazon is trading at 20 bucks the investors will be screaming bloody murder. (especially those whos bonds havent been able to convert) They will be going after the 2 billion in cash Amazon has in the bank.
Bezos will never get a chance to spend the majority of this money, IMO.

(Glenn, if you wanted to know how AMZN could go bankrupt with all that cash in the bank- the answer is that the cash will be taken away)>>
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Chuzz: AMZN has not demonstrated to me (or to many other investors) that they have a CLEAR path to profitability. They are almost an "old-line" web company and have been around for a while. With age comes responsibility. One of these days they will be held accountable, IMO. They CAN NOT push the potential profits out on the horizon whenever they have a conf. call. Any thoughts?

Best Regards,

Scott


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