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

To: Victor Lazlo who wrote (104622)	6/3/2000 4:53:00 PM
From: westpacific	Read Replies (2) \| Respond to of 164684

Barrons slams Amazon AMZN in opening article! On Henry Blodgett report " Even if he uses phrases like "momentum story" ans "growth story", Henry's a very bright fellow. But, and it grieves us to say so, we somehow can't share his enthusiasm for Amazon." "Amazon also cheerfully expects to enjoy positive cash flow over the rest of the year. We'll see. But its important that it does. For the company's balance sheet is not a thing of beauty. It has $1B in cash and marketable securities. But it also has $2B in debt, an accumulated deficit of over $1B and stockholders's equity of a mere $25.6 million! In fact, the company forecasts that net worth will disappear by the end of this quarter." Good luck folks! West