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

To: schrodingers_cat who wrote (141918)	4/27/2002 9:47:01 AM
From: Glenn D. Rudolph	Respond to of 164687

"A year or so ago, many people (myself included) expected AMZN was heading for a fast slide into bankruptcy. You have to give them some credit for turning the business around. " AOL provided $100 million. If it had not been for the $100 million, Amazon would be in Chapter 11 now. You are making an assumption this business has been turned around. They cut some expenses is all. Nothing more and that cut growth. They carry almost no inventory of their own. That freed up cash. We are kind of back to the original plan in 1997 of filling orders from vendors. The current status is Amazon went a full 360 degrees and lost over $2 billion in cash in doing so. I would not be willing to give credit to management for losing $2 billion in cash and being back to where they started. One final note. This year the consumer truly embraced buying on-line. Amazon is riding on that coat tail. If you want to see a firm grow on-line sales with a profit, see JC Penneys on-line and a variety of other firms that are turning a nice profit from their on-line selling. Myself included by the way. We have never lost money selling on-line and we are not as "little" as one would think. There are hundreds of small businesses such as myself with great on-line success. I will give some credit to Amazon once they can make enough real money to show positive stockholder equity.