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03/19/2001 12:18 PM ID: 4541 Permalink   

Analysts Fear Amazon.com is Going Bankrupt

 

A group of security analysts have demanded proof from Amazon.com's CEO that the popular online bookstore is not going bankrupt. This is their second request to Jeff Bezos, who has so far not adequately responded to their concerns.

Amazon's stock dropped after the group released a report that the company would not have enough funding to last the year. "We asked them to explain what the errors were, which they still haven't done," said the committee's co-chairman.

An Amazon spokesman said that the company already provides enough public information, and Bezos doesn't have time to respond to every question. He said the committee's first letter is "in a stack with a whole lot of other letters we have received."

 
  Source: news.cnet.com  
    WebReporter: SandraG Show Calling Card      
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  Others will go down as well.  
 
I predict that in a year not that many .coms will be left. And there will be a recession in the internet economy. Until someone comes up with something good that relates to the internet.
 
  by: loginhomes   03/20/2001 02:15 AM     
 
 
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