Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.90

+0.4%

3:59 PM EST

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To: Victor Lazlo who wrote (143381)	6/26/2002 12:29:17 AM
From: Ted The Technician	Read Replies (1) of 164684

Victor, thanks for the funny link... Sadly I find it as funny as when I first read that headline that says a $3.8B error was found by WCOM. After thinking about it, I suspect the market might have already discounted the cost if the cost was known and listed as a fuzzy asset (After having been burnt so many times by dotcoms, I've been discounting investments, goodwill, intangibles and "other assets" when determining a "reliable" book value for companies). WCOM will now expense certain costs rather than capitalize them. With the costs now expensed to past periods, future earnings should appear better than otherwise!

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