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


To: H James Morris who wrote (124654)5/6/2001 2:26:22 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Glenn, I suggest you read the latest issue of Business Week.
The cover story "THE NUMBERS GAME". Companies use every trick to pump earnings and fool investors. The latest abuse: "Pro forma" reporting.
Then they get into EBITDA. What a scam!
Btw
I didn't write the article, as usual I'm only the messenger.


Thank you. I will read it.

I know you did not write the article. I just can't for the life of me understand how anyone anywhere would have positive expectations here. Even if (and it is not likely) vendors ship when there is negative working capital and we give Amazon's management even more cash at the end of Q4 say $700 million, accounts payable will be greater than $700 million based on current revenue projections. All I can think of is what happens then?