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


To: Glenn D. Rudolph who wrote (124085)4/24/2001 9:43:43 PM
From: The Reaper  Read Replies (2) | Respond to of 164684
 
AMZN has stated that Q2 2001 will be similar to Q1. Assuming a flat level of Accts. payable over the next three months, we're looking at a minimum of $140 million cash burn. Considering they only have $447 million in cash and equivalents now, how is this going to happen?

<Cash and marketable securities are expected to be
approximately $600 million as of June 30, 2001>

Did they add the cash burn instead of subtract the cash burn from their balance sheet? Speaking of the balance sheet, has anyone got a link to it. I can't find one.

kirby



To: Glenn D. Rudolph who wrote (124085)4/24/2001 9:54:37 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
Jenson claims this is absolutely not the case;-)

But that is what it says in their own press release. They charged their equipment upgrade to Linux in their impairment related charges. Moving your computer equipment to Linux (or from Windows 2000 to Windows XP for that matter) is part of day to day operations and not an impairment charge in any sensible meaning of the word (not than sensible and GAAP have anything to do with each other)....

I should point out that it is not uncommon to bury all bad things in a restructuring charge....