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

To: Glenn D. Rudolph who wrote (8030)	6/30/1998 9:11:00 AM
From: JimieA	Read Replies (1) \| Respond to of 164687

Glenn; You said "Let's agree that bond proceeds was $225 million. They payed the bank loan and accounts payable with the cash on hand and that leaves a ($8.17 million.)." I used $225M as the net bond proceeds. Net of paying $25M issuance costs, that you mentioned, as well as payment of $75M of outstanding bank debt. You should not pay the bank debt of $75M twice! That would increase AMZN cash to $156M in 2000. Also I do not think any company would pay off all its accounts payable and accrued expenses. This is just a normal part of business. I suspect that AMZN will have accounts payable in the June and subsequent quarters. This would increase AMZN's cash to over $200M in 2000. But I agree that somewhere down the line, maybe five years out or more, AMZN will have to generate sufficient profits to pay off or refinance the debt. That's five years! I still do not see any current cash problem. But we just might agree to disagree.