Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: H James Morris who wrote (6903)	6/21/1998 11:33:00 AM
From: Glenn D. Rudolph	Respond to of 164684

H, I did listen to the real audio interview with Joy Covey from TMF. This is the URL: broadcast.com Tom Gardner did the interviewing with all questions slanted towards what is "succesful" about AMZN. Profitablilty was not a question and should net be addressed at this time. Ms. Covey kept pushing AMZN as a brand and their losses as investing in their brand. I suppose I cannot relate since whatis bought is not a Amazon.com book or CD but just rather the book or CD. Covey made a point of trying to state their income and balance statements do not show the picture accuratly. Amazon.com sell their invetory before they pay of for it which gives them positive cash flow??? Yup...the losses are not really there. You see the inventory is gone and AMZN has the cash for 30 days before needing to dispense it to the suppliers. Of course, the balance sheet shows cash on hand and near term liabilities. It would appear to me that makes the picture accurate. The cash has to pay for the merchandise within 30 days. Not a lot of time and that does reflect in the income and balance statement. Covey basically throws all GAAP out the door in all her answers. The questions asked and the answers made we want to puke! What a bunch of crap. Glenn