Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (111489)	10/30/2000 3:13:15 PM
From: Alomex	Read Replies (3) \| Respond to of 164684

Did you notice that the dubious cash transfers according to Suria are actually higher than the $120M unearthed by Glenn from the SEC fillings? Amazon is making accounting adjustments that inflate its cash position, said Suria. Amazon.com said it had $900 million of cash on its books, slightly below the $907 million it had in the previous quarter. But, based on Suria's analysis, Amazon conducted three transactions that added $173 million to its cash position. While allowed under accounting rules, the cash did not come from operations or financing, Suria said. If this is the case, actual cash burn is $180 million. This would imply that Amazon has about three more quarters before it runs out of cash....