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

To: Bill Harmond who wrote (135217)	11/28/2001 12:12:24 PM
From: Glenn D. Rudolph	Respond to of 164684

...that Amazon would be insolvent by Spring, 2001. Wasn't that yours? No. I stated working capital would be suffciently low that Amazon could not have full access to inventory. My assertion was/is correct. The vendor insurers stopped selling to Amazon. That was documented granted by unamed sources but in respectable press. It was refuted by Curry. However, inventory levels dropped extremely low and Amazon teamed up with Circuit City. Amazon is not holding electronics inventory of their own of any scale. They are dependant upon Circuit City. Electronics is capital intensive business and Amazon was no longer receiving shipments. You will see many references on Amazon's electronics main pages that point to Circuity City. Pick up your purchase and no shipping required. Look at circuitcity.com and you will see no mention of Amazon. This is clearly a benefit to Circuit City and Amazon has access to inventory to sell in return. I would speculate this deal was not made by Amazon from a position of strength. Cash and working capital are not the same. Technically, Amazon would have no working capital had AOL not provided $100 million in the summer. I am not trying to make a case that is way off beat. Rather, Amazon would not have been able to function in the electronics arena had it not been for both AOL and Circuit City. I stand by that belief.

To: Bill Harmond who wrote (135217)	11/28/2001 3:25:42 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Bill, Just as an update please read some of the comments. Then let's look by Saturday of this week. It will be more than doubled in that amount of time. cgi2.ebay.com