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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (5274)6/24/2000 7:20:00 AM
From: RockyBalboa  Read Replies (3) | Respond to of 19428
 
Amazon responds:

>>>>>>>>>>>>>>>>>
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delayed 20 mins - disclaimer

Friday June 23, 8:30 pm Eastern Time
Amazon.com says not running out of cash

Lehman urged in the report that investors avoid the convertible bonds of Amazon.Com, the world's leading Internet retailer. ``From a bond perspective, we find the credit extremely weak and deteriorating,'' Lehman said, warning that Amazon.com risks running out of cash by the middle of 2001.

Amazon.com spokesman Bill Curry called the comments ``absolute, pure unadulterated hogwash.''

``We are nowhere near running out of cash,'' Curry said.
``Anyone who understands the cash flow dynamics of this business knows this.''

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