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

To: Rob S. who wrote (27444)11/20/1998 7:08:00 PM
From: dclapp  Read Replies (4) | Respond to of 164684
 
>>...almost zero tangible cash value

wrong, Rob. let's not spread false info, ok?

from their sept SEC filing:

Since inception, the Company has incurred significant losses and as of September 30, 1998, had an accumulated deficit of $115.6 million.

…and…

At September 30, 1998, the Company's cash was $14.9 million, compared to $1.9 million at December 31, 1997. Marketable securities balances, which include highly liquid investments with maturities of three
months or less, were $322.4 million and $123.5 million at September 30, 1998 and December 31, 1997,
respectively.

---

do the math.



To: Rob S. who wrote (27444)11/21/1998 2:46:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Good question. You could have easily said 'any stock that trades for 180-200 within a
couple years of going public' that has yet to show a profit and has almost zero tangible
cash value. I can't think of any off the top.

Rob,

There is an error here. AMZN does not have almost zero tangible net value. Their tangible net value is heavily in the red now.

Glenn


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