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: Skeeter Bug who wrote (120499)	3/15/2001 10:31:53 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

gdr, several years ago i and others said amzn was a mail order company with aa web page. as in... big whooooop. amzn is now about the level when i originally started putting them It is slightly below th elevel when I started shorting them. It is a mail order firm as you state. The management there generally tries to twist numbers so much it annoys me to no end. Last evening I listened to the Amazon presentation at the Merrill Lynch conference, Their presentation was a week ago but there was streaming audio and video on the Merrill site. Jenson did the presentation. The one comment that really cracked me up was Jenson stated Amazon was cash flow positive by $200 million plus for Q2, Q3 and Q4 2000. That sounded really nice but that is three quarters out of a year. Granted Q1 of 2001 is not out yet but Q1 of 2000 is there. Due to the nature of payables in retail, Amazon was hugely cash flow negative during the last four quarters. Jenson just needed to talk about fiscal 2000 and that tells the real story. I have no clue how many private investors at the conference miss this point and for all I know analysts too. It is so obvious and so intentionally misleading. All presentations are done under the Safe Harbor Act but that Act was intended to protect the firm and management from incorrect forward looking statements. It was not the intent to protect the firm and management from intentionally misleading their investors and potential investors. Jenson even had the audactiy to say this improvement in the company fundamentals was due to "tackling" and hitting or some wording like that. Basically he wa stating they are working hard towards profitability and being quite successful at it. No relatively large firm comes to my mind that misleads this much intentionally. Amazon is in a class of their own.