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

To: Victor Lazlo who wrote (130929)	9/4/2001 5:37:01 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

MaverickTrader.Com Announces Investment Opinion: Too Little, Too Late: Amazon.Com Stock Value In Question 08/31 3:31 PM (BW) Story 0925 (AMZN) SHREVEPORT, La.--(BUSINESS WIRE)--Aug. 31, 2001 -- MaverickTrader.Com reiterates opinion from November 28, 2001 that Amazon.Com (Nasdaq:AMZN) stock is worth "less than zero", says MaverickTrader.Com President, Don Harrold. "MaverickTrader.Com's original report outlined several key reasons why the stock value is worth 'less than zero'. Those reasons include the fact that 'book value' continues to remain well below zero," says Mr. Harrold. ( Investors should read MaverickTrader.Com's original report on Amazon.Com at: mavericktrader.com ) "MaverickTrader.Com believes the decision to add PC sales to Amazon.Com is another serious threat to future shareholder confidence," says Mr. Harrold. "Gateway (NYSE:GTW) laid off 25% of its workforce. The Gateway job cuts are clear evidence that the PC sales industry is weak. Profit margins are slimmer than ever. MaverickTrader.Com doesn't believe that Amazon can scrape any serious profits from PC sales," says Mr. Harrold. "MaverickTrader.Com WARNED investors almost a year ago about Amazon.Com," adds Mr. Harrold. "MaverickTrader.Com noted that Amazon.Com must change their business model to achieve profitability. MaverickTrader.Com believes that Amazon's recent changes will not increase shareholder value significantly - or at least enough to cover current debt service," says Mr. Harrold. "Amazon may see an increase in revenue from the PC sales arrangement. However, this revenue, is 'too little, too late'," says Mr. Harrold. "Amazon.Com is more like an order-procurement center now, than a pure 'e-tailer'," adds Mr. Harrold. "For example, Amazon.Com increasingly looks like an e-commerce infrastructure-outsource tool for other companies (Toys-R-Us, Dell, et al). With warehouses jammed with unsold inventory, though, this could be Amazon.Com's last hurrah," adds Mr. Harrold. "Amazon.Com may one day be the world's greatest clearinghouse for other companies' excess inventory. That's not a bad business model, but it's not the one investors fell in love with years ago," concludes Mr. Harrold. MaverickTrader.Com follows other tech-sector stocks like, Microsoft (Nasdaq:MSFT), Cisco (Nasdaq:CSCO), and Excite @ Home (Nasdaq:ATHM). ABOUT MAVERICKTRADER.COM: FREE from bias. FREE from conflicts. FREE TO TELL THE TRUTH ABOUT WALL STREET. You missed MaverickTrader.Com's latest picks. You NEED next week's stock picks FREE! Get FREE stock picks today at: mavericktrader.com. CONTACT: MaverickTrader.Com Don Harrold, 318/219 -2368 www.mavericktrader.com 15:31 EDT AUGUST 31, 2001