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

To: H James Morris who wrote (17397)	9/16/1998 9:59:00 PM
From: craig crawford	Respond to of 164684

This was just the kind of rally in AMZN I was looking for. I am ready to scale back in on the short side. I also think USWB is a total joke and is a great short as well. Another big money loser in a low margin business. The CEO and CFO dumped a bunch of shares in a secondary back in April and then the CFO took a hike. All USWB does is print stock all day, making dozens of acquisitions and issuing warrants. They racked up $114 million in losses over the last 12 months, with $61 million just in the last quarter. Their revenues are skyrocketing because they bought about 20 companies recently. Let's see in a year how well they integrate all of them. They were only formed in Dec 1995, and they are run by a 27 year old punk for a CEO, that used to work for NOVL. Notes from the most recent 10Q: The Company has incurred net losses since inception, and as of June 30, 1998 had an accumulated deficit of $149.4 million. Although the Company has experienced revenue growth in recent quarters, such growth rates may not be sustainable or indicative of future operating results. The Company expects to continue to incur substantial operating losses through at least 1998, and there can be no assurance that the Company will achieve or sustain profitability In addition, the Company recognized an aggregate cost of $18.3 million for acquired in-process technology related to the six acquisitions completed during the quarter ended June 30, 1998. The Company expects these acquisition-related non-cash expenses to increase as it continues its acquisition program. Net Loss. Net losses for the three months ended June 30, 1998 and 1997 were $60.9 million and $15.4 million, respectively. The increase in the net loss was primarily attributable to non-cash charges of $59.7 million for the three months ended June 30, 1998, the majority of which resulted from the Company's acquisition program, compared to non-cash charges of $5.1 million for the three months ended June 30, 1997. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ After the CKSG deal closes they will need to make some actual money to justify their $800 million market cap. (CKSG is a competitor they used to rag on but then decided to merge with. Hell it's only paper) BTW, CKSG just reported today after the close. Perhaps that was why CKSG/USWB was running up. Looks like they missed by a penny. Revenues up 17%, EPS up 5%. Somehow I don't think the $3.4 million they earned this quarter is going to do a lot to offset the $60.9 million lost by USWB last quarter. Better go put USWB in my profile for Hank, this pup will see single digits soon enough.