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

To: tonyt who wrote (57000)	5/17/1999 8:35:00 AM
From: Glenn D. Rudolph	Respond to of 164685

Amazon incurred a $61.7 million loss in this year's first quarter but can sustain such deficits almost indefinitely. It has more than $1.4 billion in cash on its balance sheet, as the result of a giant bond offering in January. The losses cannot go on even close to indefinitly. The company already projected losses to double or triple. Anotther 1.5 years and this money is gone too. In a phone interview, Carl Gish, general manager of Amazon's bookstore, insisted that the price cuts "have nothing to do with our competition. It's not a gimmick. It's not about attempting to start a price war. It's all about passing along savings to our customers and serving them better." How about the truth for a change? Maybe they want to show a revenue increase to keep the stock price inflated. Losses do not matter. Glenn