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Re: [sharechat] Internet Retailing- Flying Piggie etc.

From:	"Mark Hubbard" <mhubbard@es.co.nz>
Date:	Sat, 24 Jun 2000 11:32:40 +1200


As a bit of a detour to this issue, I note that Amazon.com went down 19%
last night on two bad reviews from respected analysts. The company is
burning cash at an alarming rate, debt is mushrooming, and their convertible
bonds are now being given the lowest of 'junk' ratings. There are even
predictions (CNNfn) that the company may not make it through the coming US
summer.

I wonder what would happen to ASX and NZ techs (which have not recovered
recently in line with NASDAQ) if Amazon.com went down.




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References

Re: [sharechat] Internet Retailing- Flying Piggie etc. hugh webber

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