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

To: Lizzie Tudor who wrote (146060)	8/23/2002 5:45:13 PM
From: Oeconomicus	Read Replies (4) \| Respond to of 164685

Liz, looks like good yr-yr growth (Glenn, is the yr-yr comparison valid? You know, "same store sales" basis. Didn't they add some new major categories in the last year?), but they are still losing money. Last qtr, even adding back currency and investment losses, they lost around $30 million. A penny or two LPS improvement vs last qtr still leaves them with a 6-7 cent loss. The consensus "proforma" loss estimate is 4 cents. If the 3% sales gain over last qtr (and over his previous sales number) is the basis for 1-2 cents of improvement, they've still got to take $7-11 million out of their costs just to get to the existing consensus. Is guess the point is I'm still not impressed. At this rate of progress, they will never be able to repay their debts. JMO, of course. Bob

To: Lizzie Tudor who wrote (146060)	8/24/2002 4:49:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164685

"12:44 pm PT Amazon.com qtr ahead of schedule - Bear Stearns (AMZN) 15.09 -0.64: Dow Jones reports that Bear Stearns says checks indicate AMZN's current qtr is "running ahead of schedule" at around $830 mln in revs, ahead of the First Call consensus of $806.8 mln; analyst believes this could add $0.01-$0.02 to the Sept qtr and implies continued rev growth acceleration. " I do not see how Bear Sterns can make any reasonable determination about Amazon's revenue for this quarter. This comment was made only about half way through the quarter. One of the more important months for Amazon will be September and that month has not even begun. Did Amzon provide Bear Sterns with actually revenue thus far? I really doubt that. Translating revenue growth into bottom line number at this point would also be very difficult to do. Amazon changed their free shipping break point. USPS and UPS both increased their shipping fees in June as well. The ciomment reminds of the hype done by Blodget. Bear Stern's source for making this prediction is not provided.