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

To: Sarmad Y. Hermiz who wrote (44005)	3/4/1999 10:17:00 PM
From: gjhinc	Read Replies (1) \| Respond to of 164684

Nicely said! Very nicely said.

To: Sarmad Y. Hermiz who wrote (44005)	3/4/1999 10:23:00 PM
From: Slumdog	Read Replies (1) \| Respond to of 164684

Great post, Sarmad.

To: Sarmad Y. Hermiz who wrote (44005)	3/4/1999 10:27:00 PM
From: Jan Crawley	Respond to of 164684

Boy, I wish I am 300L/400S now. But let it drop anyway!!

To: Sarmad Y. Hermiz who wrote (44005)	3/4/1999 10:55:00 PM
From: Slumdog	Read Replies (2) \| Respond to of 164684

IMHO, i think that the huge valuations afforded these net stocks such as AMZN and YHOO were achieved in large part to short sellers and scarcity of stock, in tandem with unprecedented hype and promotion. The mania is fading with the stock price. Stock is no longer scarce. Large holders of stock would be crazy to wait until these companies grow into their valuations to sell their holdings. What would be the point? They can no more predict the future than anyone else. It seems the only challenge is to sell as much as possible without startling the herd. "They can sell much more on the way down than the way up." If I was building a house, albeit hopefully a very grand house, and a buyer offered me absolute top buck as if it were totally finished, even though it is just a framework, I'm sure I would say "Oh, no thanks, I prefer to pour money into it and work like a dog, until one day hopefully, it will be finished. Then I will sell it to you. NOT!! Quarter by quarter, a record of earnings(or lack thereof) is made, and there is much less mystery, and much more history.

To: Sarmad Y. Hermiz who wrote (44005)	3/4/1999 11:02:00 PM
From: Glenn D. Rudolph	Respond to of 164684

AMAZON.COM INC Annual Statement of Cash Flow (in Millions, except EPS data) Fiscal Year End for AMAZON.COM INC(AMZN ) falls in the month of December. 12/31/98 12/31/97 12/31/96 12/31/95 12/31/94 ------------------------------------------------------------------------ Cash Flow from Op. Inv. & Fin. Activities Net Income (Loss) N/A (27.59) (5.78) (0.30) N/A Depreciation/Amortization & Depletion N/A 4.74 0.29 0.02 N/A Net Change from Assets/Liabilities N/A 26.37 3.76 0.05 N/A Net Cash from Discontinued Operations N/A 0.00 0.00 0.00 N/A Other Operating Activities N/A 0.00 0.00 0.00 N/A Net Cash from Operating Activities N/A 3.52 (1.74) (0.23) N/A Property & Equipment N/A 0.00 (1.21) (0.05) N/A Acquisition/Disposition of Subsidiaries N/A 0.00 0.00 0.00 N/A Investments N/A (15.26) 0.00 0.00 N/A Other Investing Activities N/A (7.22) 0.00 0.00 N/A Net Cash from Investing Activities N/A (22.48) (1.21) (0.05) N/A Uses of Funds Issuance (Repurchase) of Capital Stock N/A 49.82 8.20 1.27 N/A Issuance (Repayment) of Debt N/A 0.00 0.00 0.00 N/A Increase (Decrease) Short Term Debt N/A 75.00 0.00 (0.04) N/A Payment of Dividends & Other Distributions N/A 0.00 0.00 0.00 N/A Other Financing Activities N/A (2.30) 0.00 0.00 N/A Net Cash from Financing Activities N/A 122.52 8.20 1.23 N/A Effect of Exchange Rate Changes N/A 0.00 0.00 0.00 N/A Net Change in Cash & Equivalents N/A 103.56 5.25 0.94 N/A Cash and Equivalents Cash at Beginning of Period N/A 6.25 1.00 0.05 N/A Cash at End of Period N/A 109.81 6.25 1.00 N/A Diluted Net EPS (0.84) (0.19) (0.04) (0.00) N/A Last updated Feb 27, 1999. © Zacks Investment Research, Inc. 1999