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

To: H James Morris who wrote (123245)	4/9/2001 10:40:35 AM
From: Glenn D. Rudolph	Read Replies (1) \| 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 Well...Bezos said for last year Amazonw ould not burn any cash. In fact, Amazon would generate cash to cover Capex. Amazon did in fact burn $700 million last year. Am I to believe Bezos this year? This is almost exactly the time of year he said this last year. The market is up. That is what I care about.

To: H James Morris who wrote (123245)	4/9/2001 1:19:35 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

-- Cash and marketable securities are expected to be over $640 million At then end of last quarter Amazon reported $1.1 billion in cash. Account payables back then was $485 million.... $1,100 million - 485 million = $615 million. Now, accounts payable surely did not dwindle to zero. Assuming 30-40% of sales in account payables seems reasonable. Since sales are going to be "more than $695 million" that gives accounts payable between $208-278million. Therefore before cash outflows, Amazon should have finished the quarter with $823-893 million... according to todays press release, they finished the quarter with $640 million. The difference is the cash burn rate. This gives quarterly cash burn of $183-253 million.