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


To: Glenn D. Rudolph who wrote (138672)2/5/2002 4:34:03 PM
From: GST  Respond to of 164685
 
Yes -- but its an imaginary bridge.



To: Glenn D. Rudolph who wrote (138672)2/5/2002 4:39:19 PM
From: Alomex  Read Replies (3) | Respond to of 164685
 
Irrational exhuberance not yet dead!

But Goldman Sachs analyst Anthony Noto said he is confident that Amazon has reached a turning point in its history. "The fourth quarter showed that Amazon is moving to becoming a company that can drive significant cash flow going forward," Noto said at the conference.

Reality check. Amazon posted a $5mill profit, aided by a currency exchange transaction in the best-of-four quarters from a FY.

The natural projection into the future of Amazon's current performance suggests small-to-medium size losses for the next three quarters followed by a $20mill-profit Christmas quarter. Total earnings for the FY'02 will likely be negative. For FY'03, if they are still around, expect $10 mill in profits for the entire year.