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

To: Gary Korn who wrote (3549)	4/28/1998 2:14:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

At the current burn rate of $101,000 per day, AMZN runs out of IPO cash (and starts running on debt or share dilution) in 233 days, or on December 17, 1998. Gary, After examining Amazon's financial statements, may I substantiate the above claims you made. Per 10K filed by Amzn: 1. Amzn had net interest incomes of $202,000 in year-end 1996, and $1,619,000 in year-end 1997, which contributed to Amzn's total income (or reduced it's bottom-line losses) in the respective periods materially. 2. For the current quarter (which means in the last 3 months); Amzn had exhausted all it's reserves and incurred interest expenses of $385,000. This is far worse than social security financing; this is credit card financing while one's current expenditures is greater than one's income!! I recognize that Amazon's managements are probably conscientiously nurturing their business and I would like to be a long-term holder of Amzn's stock one of those days. However, it is not very smart for one to pay $30K a year to a specific ivy-league college for the next 4 years, in the hope that one's 10 year-old child may choose to go there 8 years from now. Jan