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Amazon outlives prediction of demise

Amazon outlives prediction of demise

A year ago, analyst Ravi Suria made headlines when he predicted that Amazon would burn through its cash and go broke by the end of the first fiscal quarter of 2001. The online retail giant was spending too much, owed too much, and had too little in the bank--it was "under extremely high risk," said Suria, then a Lehman Brothers bond analyst.

June 21, 2001 by in Amazon