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

To: John Chen who wrote (149858)	11/10/2002 11:32:41 AM
From: Alomex	Read Replies (1) \| Respond to of 164684

Not so, that's the kind of place you can push "cyber-stocks" as was evidenced. As a stock play it has been a great success. This shouldn't surprise us as Bezos used to be a stock analyst... Very early in this forum I pointed that out here to shorts "Bezos knows every trick in the book". When he couldn't get financing in the US he went over to Europe and sold bonds for $2 billion to until mostly anonymous interests (AFAIK no large bank or corporation has ever acknowledged/written down AMZN debts). In fact some here speculated if the money so collected could have suspicious origins, but nothing ever came of it. What Bezos didn't know, and his record shows profusely, is how to run a retailing operation with small margins... To this date, after all the investment infrastructure is behind and a full year after major cost-cutting measures, he cannot turn a profit on nearly a billion dollars in sales in a single quarter. Think about it... AMZN moves nearly a billion dollars of merchandise through its servers per quarter and it cannot pinch a measly $20 million in net, honest-to-god profit... Believe you me, if Glen was running a bookstore it would be wildly profitable somewhere around $15 million in sales a year.