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

To: H James Morris who wrote (129047)	7/25/2001 11:33:24 AM
From: Glenn D. Rudolph	Read Replies (4) \| Respond to of 164684

"Monday's quarterly release also revived the question of how healthy the company's balance sheet is. Earlier in the year, a report released by Lehman Brothers bond analyst Ravi Suria questioned whether the company would be able to pay its bills as it seeks to become profitable. He predicted the company could face tighter credit terms from vendors. That debate was on the back burner until Monday. The company said it would have $600 million in cash by the end of the third quarter, and $900 million by the end of the year. These were the same figures the company gave earlier in the year, yet it now needs the extra $100 million from AOL to reach those targets. "This is obviously a significant miss," Van der Porten says. But what is more important -- and what the company is not revealing - is what the cash balance will be by the end of next year's first quarter, after it pays its bills from the holiday season. "They are not addressing at all what their cash will be by the end of March." Working capital -- current assets minus current liabilities, which some say is a better measure of a company's creditworthiness -- fell to $161 million at the end of June from $559 million a year ago, Rowen noted in Tuesday's report. " Excerpt from The Steet.com

To: H James Morris who wrote (129047)	7/26/2001 2:09:12 AM
From: Glenn D. Rudolph	Respond to of 164684

>I am still confused as to why they want it so I suspect they don't really want it.< AOL discloses it could make bid for Amazon. James, This is a group of people that kept everything secret for many years. As far as they were concerned, Amazon is not a public company but rather a firm with which management and the directors could do with at will. Amazon really never had any real trade secrets from the retailing point of view. What they would sell next never needed to be a secret. The technology they developed they might have wanted to keep to themselves. My only point is the average shareholder not an insider or director was treated like they did not exist. By the way, do you still feel Legg Mason is still smart??