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

To: Glenn D. Rudolph who wrote (52590)	4/25/1999 2:02:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

Amazon will be around for a long time. "We're fortunate to benefit from a business model that is cash-favored and capital efficient. We do not need to build stores and stock those stores with inventory, our centralized distribution model has allowed us to build our business to a billion-dollar sales rate with just $30 million in inventory and $30 million in net plant and equipment. In 1998, we generated $31 million in operating cash flow which more than offset net fixed asset additions of $28 million." Jeffrey Bezos, from Letter to Shareholders, 1998 Annual Report