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

To: Bill Harmond who wrote (52608)	4/25/1999 2:15:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Amazon will be arround 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 William, December 31st does not show an accurate picture. I explained that. Let's revisit this April 28th after the numbers are out<G> Glenn

To: Bill Harmond who wrote (52608)	4/25/1999 2:40:00 PM
From: KeepItSimple	Respond to of 164684

I believe this was a typo. The original statement was almost surely: "I'm fortunate to benefit from a business model that has no chance of ever making a profit, but which was luckily floated during the largest financial mania of recorded history. While my company has never earned a dime, I feel it is appropriate to sell tens of millions of dollars of Amazon common stock in order to build a luxurious mansion on lake Washington. Under no circumstances are reporters allowed to visit this mansion, and any reporter doing an interview with me is explicitly told beforehand that questions about the mansion are off limits- I will leave the interview if asked about it. But feel free to ask me about my old honda accord and saw-horse tables all you want- it's great for publicity." >" We're fortunate to benefit from a business model that is cash->favored and capital efficient."