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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (69384)	7/24/1999 8:04:00 PM
From: JOHN W.	Read Replies (2) \| Respond to of 164684

BARRONS 7/24, Pg 15 (part 2) "THE FUSE IS STILL BURNING" "Amazon.com's earnings re worse than you may think, a lot worse" Disquieting facts.... "Chief among them was the company's plan to spend more than $300 million during the next two calendar years on moves like expanding warehouse capacity to more than four million square feet. That's 10 times the warehouse space Amazon had available at the end of 1998, according to Bear Stern's analyst Scott Ehrens who downgraded the stock to attractive from buy. Amazon also disclosed in the latest quarter it had increased it employee roster by more than a third, to 4,200. On top of that, inventory items such as books and tapes have doubled to $59.4 million since the first of the year. These decidedly depressing details prompted analyst to once again increase their estimates of Amazon's future losses. Before last week's news, analysts expected Amazon to post a loss of $1.72 this year; now they see a $1.86 loss, according to the folks at First Call. Likewise, the average expectation for Amazon next year has been changed to a loss of $1.45 a share from a loss of $1.25. Just six months ago, analyst were expecting Amazon's loss for next year to amount to just 15 cents a share."