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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Alexander Pavlov who wrote (3711)	4/30/1998 4:37:00 PM
From: Glenn D. Rudolph	of 164684

"Amazon A very solid, information packed presentation by Joy Covey, CFO. ... Finally, Amazon made the point that marketing costs are the only reason that Amazon is not profitable. Ms. Covey created her own line item, EBITDMA (Earning before interest taxes, depreciation, and marketing). On this line item, Amazon is profitable." Was this really said? Glenn

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