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To: patron_anejo_por_favor who wrote (30970)	10/24/2000 9:41:22 PM
From: pater tenebrarum	Respond to of 436258

lol...they sure make it sound good...it almost sounds like they want to be profitable in the foreseeable future...did someone mix something in Bozos' drinks? seeing is believing in this case...for the nine months consolidated net sales of 1,7bn. are nicely counter-pointed by a consolidated net loss of $866m. i'd say they're still busy selling dollar bills for 50 cents apiece...even if you back out the investment loss (what's that?-g-) of 267m, they still lose 35 cents for every buck in sales. of course that's only on the bottom line, which doesn't count in the new era. i do wonder though how they plan to end up with a $700m. cash balance in a year's time...seems a tall order at the current burn rate. unless they go and sell more debt... the crafty buggers go and report an 'operating profit' for the book/music segment of 32,3m. on sales of 1,18bn. then you look a little further down and find "other operating expenses" of 285m. and interest expenses of 57m. - none of which seem to bother the 'profit' reported above... what did GS, or was it Salomon, say? "AMZN could be profitable at will" show me. as an aside, just for argument's sake, let's lop off four zeros from all the numbers and assume it's a small company in a hick town somewhere, and they owe all that money to the local bankster...foreclosure would have been the word, long ago already.

To: patron_anejo_por_favor who wrote (30970)	10/24/2000 9:48:26 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

one more thing..the balance sheet...current liabilities of 659m., long term debt of over 2bn., negative stockholders equity of 487m., accumulated loss of 1,7bn. WOW. this sure calls for a celebration of sorts...i don't think there's a precedent for a 3 or 4 year old company sporting a balance sheet quite like this one and still be considered a going concern... to be fair, their cash position almost equals their current liabilities...and then there are 252m. in 'marketable' securities...which according to the footnote are mostly equities. presumably in other dot-bombs. which makes me doubt both the valuation (are they marked-to-market? it doesn't say) and the 'marketability'....