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

To: Danny who wrote (106127)	7/14/2000 3:28:09 PM
From: H James Morris	Read Replies (4) \| Respond to of 164684

Yep, I wish yhoo would report every week. My Amzn investment is now in the black >NEW YORK, July 14 (Reuters) - Salomon Smith Barney analyst Tim Albright and his assistant Bruce van Raalteon Friday said that despite recent concerns about its cashflow, online retailer Amazon.com Inc. <AMZN.O> will end the March 2001 quarter with $666 million in cash. -- The analyst reiterated the firm's buy rating and said the third and fourth quarters would be good for Amazon. -- Salomon's cash flow projections assume gradual improvements in inventory turnover, payables turnover consistent with historical levels, and account for continued strong seasonality. -- "We expect the company to finish Q1 2001 with approximately $667 million in cash and Q1 2002 with $757 million in cash, losing $342 million in the March to March time frame of 2000 - 2001," Albright wrote in a research note. -- On June 23, Lehman Brothers analyst Ravi Suria and his associate C. Stan Oh, commenting on the company's bonds described Amazon's credit as "extremely weak and deteriorating." The analysts said the company has a weak balance sheet, poor working capital management and massive negative operating cashflow. Amazon Chairman and Chief Executive Jeff Bezos blasted the report, which was based on its own filings with the Securities and Exchange Commission. -- Shares of Amazon Friday rose 5-3/16 to 4-3/16 and were among the third most actively traded stocks on the Nasdaq. 11:30 07-14-00