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

To: dclapp who wrote (27446)	11/20/1998 7:24:00 PM
From: Jan Crawley	Respond to of 164684

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. Dclapp, the difference in "cash" comes from: In 6/98, Amzn sold senior discounted $530M junk bond(face value). The net proceed(which means the actual "cash") Amzn received was $325M. Therefore the $322.4 Million quoted above is entirely borrowed money. To repay the loan in 2002/2003, will cost Amzn $530M. Like you, I ignore Amzn's F/A; however the above is the "facts".

To: dclapp who wrote (27446)	11/20/1998 7:25:00 PM
From: Alan Newman	Respond to of 164684

From the 9/30 10Q (000): Total stockholders' equity= 179,764 Goodwill & purchased intangibles, net= 213,064 _Tangible_ book value= 179,764 - 213,064 = -33,300 You can't just look at the cash and ignore the debt= 340,392. Alan

To: dclapp who wrote (27446)	11/20/1998 8:11:00 PM
From: Rob S.	Respond to of 164684

dlapp. are you serious? The tangible assets v. liabilities of Amazon are hardly measurable compared with the huge market cap. Sure its got a significant portion of the junk bond and stock monies left but that's trivial compared to the $9 billion market cap. You list the accumulated deficit but fail to mention the junk bond debt - if you want to discuss details, then list all the details that are pertinent, not just the ones that please you.

To: dclapp who wrote (27446)	11/21/1998 2:50:00 PM
From: Glenn D. Rudolph	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. dlapp, I have to tell you that you are wrong. I have not worked my way down the thread so suspect others have. You left out debt long and short term. We all make errors so this is not a flame. I am simply telling you that AMZN has negative tangible net value and it becomes more negative daily. Glenn PS I am not guessing at this. This is something I know for sure. I am a value investor and a good one at that.