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 (123158)	4/9/2001 8:17:34 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

Glenn, Amzn to have $900 million by the end of 2001. Unless, Amzn's write downs on its investment aren't current. It appears things are looking up for them in a slowing global economy. Hmmm >Amazon.com Releases Preliminary First Quarter Highlights -- Sales Exceed $695 Million, Fueled in Part by Continued Strong Growth in ElectronicsPro Forma Operating Loss Slightly Below $50 Million Reconfirms 2001 Guidance SEATTLE, Apr 9, 2001 (BUSINESS WIRE) -- Amazon.com, Inc. (Nasdaq: AMZN chart, msgs) today announced the following preliminary results for the first quarter ended March 31, 2001 (all comparisons are to the first quarter of 2000): -- Net sales are expected to exceed $695 million, an increase of more than 21% over net sales of $574 million, fueled by strong growth in electronics and international. -- Gross profit is expected to exceed $175 million, an increase of over 35% compared to gross profit of $128 million. -- Pro forma operating loss is expected to be slightly less than $50 million compared to a pro forma operating loss of $99 million. Pro forma net loss is expected to be $0.22 per share or less, an improvement over pro forma net loss of $0.35 per share. -- U.S. books, music and video gross profit is expected to increase more than 30% on very slight sales growth. -- Cash and marketable securities are expected to be over $640 million, and the company continues to expect cash and marketable securities to be over $900 million at December 31, 2001. -- Net loss is expected to be less than $255 million, down from a net loss of $308 million. Excluding this quarter's portion of the previously announced restructuring charge, the net loss is expected to be less than $150 million. -- Annualized inventory turnover is expected to be approximately 12, up from 9 in the prior year. In addition, the company reiterated its 2001 guidance. "We'd like to again thank our customers for an excellent quarter," said Jeff Bezos, Amazon.com chief executive officer. "For the fifth consecutive quarter we saw substantial improvement in our operations and bottom-line performance. Electronics demonstrated especially strong growth and improvements." Amazon.com expects to release complete first-quarter 2001 results after market close on Tuesday, April 24, 2001. A conference call to discuss first quarter 2001 financial results and 2001 business outlook will be Webcast live on Tuesday, April 24, 2001, at 5:00 p.m. EDT/2:00 p.m. PDT. This conference call will be available at www.amazon.com/ir through June 30, 2001, and will contain forward-looking statements and other material information.

To: Glenn D. Rudolph who wrote (123158)	4/9/2001 10:26:33 PM
From: Crystal ball	Read Replies (1) \| Respond to of 164684

I am also pleased with AMZN earnings forecasts, I may be back sooner than I thought. But time is now of the essence, and AMZN has to prove itself in TIME whereas the brick and mortars do not. AMZN weakness right now is the higher cost of OIL, as in delivery. The Brick and Mortars look at it this way, people will drive their own cars anyway, and will go to the store, at no cost to the Brick and Mortars, whereas the Clicks, like AMZN have to add these additional higher costs into the price, and that hurts because there is no economy of scale. The cost of shipping a full semi-truck is the same for AMZN and Brick and mortars, but the costs of your own car is seen as less than the added costs of those multiple UPS/FEDX etc delivery methods. If AMZN fails, it will be more due to OIL than to its corporate bonds or failure to create its modern automated distribution warehouses on time on plan according to the business model. OIL will only be lower when Greenspan lowers federal reserve rates. OIL is OPEC's only currency, just as interest rates is the US DOLLAR's only valuation of our currency. Which stubborn billy goat gruff will budge first? I say OPEC because Greenspan is a plain sadistic failure and monetary policy tyrant who cares not that $5 Trillion dollars of the US future has been destroyed by him and his fellow fed failures who only care about bailing out the IMF and corupt asian banks and Communist Chinese slave labor and the WTO and importers instead of US exporters. When we see that, OPEC will fold first, and find another solution to the Greenspan problem, probably not one we will like. I am, Truly your$, -Crystal Ball