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

To: Mark Fowler who wrote (114802)	1/9/2001 12:37:31 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Let's see how much we can trust Amazon's management to paint to true picture in a press release: "Amazon said it gained 4 million customers last quarter, for a total of 29 million, and that customers spent an average of $58, " If 29 million customers spent an average of $58 each, my calculator states sales should be about $1.7 billion. Howver, Amazon stated sales were only $960 million so we are just shy of a tiny $ 700 million give or take in a three month period. That is an error of only $7.7 million per day. Amazon's numbers are unaudited and will not be made official until later this month, but Fieler said he expects Amazon to meet his expectations of a 25- to 26-cent loss per share. An anlalyst seems to agree within a penney of my loss projection but some newbie on this thread questions my numbers. That has nothing to do with the press release. Just idle thoughts. Fieler said that assuming investments and other cash equivalents remained the same, Amazon generated about $200 million cash in the quarter. In a few weeks we can see accounts payable which are mysteriously missing. Not an issue if the cash had not been mentioned. Let's see what we end up with when we take $1.1 billion and then subtract accounts payable. I predict Amazon will need to raise cash by next fall.