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

To: OtherChap who wrote (25930)	11/14/1998 12:01:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

As of September 30, 1998, the Company's principal sources of liquidity consisted of $14.9 million of cash and $322.4 million of marketable securities. As of that date, the Company's principal commitments consisted of obligations outstanding under its Senior Discount Notes (as defined below), obligations in connection with the acquisition of fixed assets, operating leases and commitments for advertising and promotional arrangements. Although the Company has no material commitments for capital expenditures, it anticipates a substantial increase in its capital expenditures and lease commitments consistent with anticipated growth in operations, infrastructure and personnel including growth associated with product and geographic expansion and integration of business combinations. In August 1998, the Company entered into a long-term headquarters lease which will result in increased lease obligations commencing in the second quarter of 1999 and significant leasehold improvement expenditures. The Company may establish one or more additional distribution centers within the next 12 months, which would require it to commit to lease obligations, stock inventories, purchase fixed assets and install leasehold improvements. In addition, the Company has announced plans to continue to increase its merchandise inventory in order to provide better availability to customers and achieve purchasing efficiencies.