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


To: Skeeter Bug who wrote (123263)4/9/2001 1:34:13 PM
From: Alomex  Read Replies (2) | Respond to of 164684
 
add those expenses back in an and, voila, amzn is losing well over $1 million a day.

I just did (see my previous message). Since the quarterly cash burn is around $183-253 million., this means they are losing $2 to $3 million a day.

At this rate their actual cash position will be $100 million by the end of Q3, which will be window-dressed to $300 million using accounts payable. Will suppliers send merchandise to AMZN with only $100 million net in the bank? I don't know the answer to that one....



To: Skeeter Bug who wrote (123263)4/9/2001 4:17:32 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
add those expenses back in an and, voila, amzn is losing well over $1 million a day.



SB,

You are too kind. Amazon is currently losing $2.3 million per day. I know the extra $1.3 million is petty cash to you;-)



To: Skeeter Bug who wrote (123263)4/10/2001 11:01:59 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
>hj, the loss actually reported to the sec will be STAGGERING
SB, I've never understood Amzn's 'creative accounting' and probably never will.
Until yesterday I didn't realize how important Amzn was to the the global economy.
But, look at what's happened. Amzn has created a world wide rally.