With sooo VERY much ongoing bad news, I thought I'd try to share some good news!


The wacky days of unlimited dot-com financing are over, but some Internet retailers and start-ups are - surprise - still attracting investors.
http://www.zdnet.com/intweek/stories...681789,00.html


Amazon.com (AMZN.O) faces a possible ''creditor squeeze'' in the second half of 2001 because it has low levels of working capital, and investors should continue to avoid the Internet retailer's convertible bonds, Lehman Brothers Inc. said in a report released on Tuesday.
http://www.nytimes.com/reuters/busin...zon-lehma.html

Online bookseller barnesandnoble.com reported a greater-than-expected fourth-quarter loss Wednesday, and announced that it would lay off 350 employees, or roughly 16 percent of its work force.

For the quarter ending Dec. 31, Barnesandnoble.com had a net loss of $138.1 million, or 91 cents a share, compared with a loss of $38.4 million, or 27 cents a share during the same period last year.
http://www.nytimes.com/aponline/busi...sandnoble.html

AND: TheStreet.com posted a loss of $24.6 million in the fourth quarter of last year on charges related to shutting down its U.K. operation and other write-downs, compared to a loss of $11.8 million a year ago.

The company recorded a restructuring charge of $17.6 million on expenses related to the U.K. shutdown, layoffs and closing down its joint newsroom operation with The New York Times.
http://www.nytimes.com/aponline/busi...Streetcom.html

[This message has been edited by doc (edited 02-08-2001).]