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

To: dennis michael patterson who wrote (34003)	1/10/1999 11:19:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glenn. I wanted to ask if you knew of anyone who has done an in-depth analysis of how AMZN manages its money? dennis, The 10Qs and 10Ks gives little information about the money that AMZN has from the junk bonds and money on hand from sales for which they have not needed to pay the supplier as of yet. The information just states that a lot of that money is in some very liquid investments. I would guess that AMZN manages their money very well. Jeff Bezos himself, is likely an excellent money manage due to his prior occupation. If Jeff Bezos does not wish to take the time himself, I am certain he hired someone alese very capable. I think that when I post negative comments about AMZN people perceive that I believe Jeff Bezos and others are fools. My opinion on that is far from that. I believe Jeff Bezos to be brilliant. He is a brilliant money manager and also his PR machine is the best I have ever seen bar none. If I could afford to hire them, I would use them as my advertising agency. AMZN's largest problem is the business model which they continue to modify. My only argument has been that the businss model from day one will never work and I stick by that. There is a post just prior to this and I did nor reply but wish to address it here. The question was regarding AMZN hiring many people from Walmart and do they not have a clue about retailing. The answer is they sure do and one of the first moves I saw once they were hired was the beginning of AMZN carrying inventory and adding distribution centers. My only point is that the advantages touted by the analysts about AMZN's business model a year ago never existed because they were not an advantage. The analysts still have a strong buy recommendation but have not really commented on the change of business model. Jeff Bezos is a smart man but had no retail experience. He discovered he needed retail experience in his business and went to Walmart to recruit some. I am not stating that he stole trade secrets. We will let the courts decide. I do have a complaint with the analysts which helped propel the price of this stock this high. Not one of them has admitted that they were wrong when they were touting the money from the customer and paying for the merchandise latter. Jeff Bezos saw the problem and addressed it. Due to the nature of the products being different, DELL and AMZN are entirely different. DELL needs only about 100 different components on hand to assemble the ordered computer. They may need many of the same component but not that many different components. Just in time inventory works perfectly for DELL and their earnings performance has proven that. AMZN is not assembling their products. They litterly needs millions of different components on hand to do business. Not hundreds and this is where the problem lies BKS and BGP knew this before going online and the first thing they did was stock extra inventory. The future of AMZN will require them to carry a lot of inventory in any item they seel be it even apparel as mentioned on this thread. Otherwise, they just will be a portal for others to place their store on which to sell their products. I apologize for any typos or mispellings because I do not proof these posts. I do not have time. Glenn