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

To: H James Morris who wrote (101860)	4/21/2000 2:55:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I didn't know Amzn made a profit in shipping! The numbers may be skewed in that the actual shipping fees are apparently less that the shipping charge by the shipping firm. This still leaves out fulfillment labor, the cost of the boxes and sealing materials. I don't know the end result of that. >There is, meanwhile, a wonderful facet of Amazon's business model that allows it to generate cash, or more precisely, "float." Picture a customer's purchase of a book. The customer pays Amazon with, say, an American Express credit card; Amazon collects the sale price (minus a fee) within a few days from American Express; and in time Amazon pays its supplier, Not any more. Amazon is now inventorying a lot and has mark downs due to that too. It is over. The story is over. The model has failed and all the changes occurring in the model are not helping.