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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: KeepItSimple who wrote (39923)	2/13/1999 8:42:00 PM
From: Glenn D. Rudolph	of 164684

I didn't say it was designed to be dishonest, I just said it was designed to make Bezos and his buddies wealthy through stock- not from business operations. KIS, I agree with this completely. However I think Glenn can give you his opinion of how "honest" Covey is with Amazon's books. Things like lumping all business operation expenses into "marketing" including salaries for every single employees, warehouse leasing costs, etc so that they can tell the public that they "would be profitable if it werent for advertising costs".. The most recent comment was the book business was profitable during December. They do not break down fulfillment from advertising, etc. They do not do a profit/loss statement for one month. They do not have a clue but it sure sounded good. One could not prove it to be inaccurate either. Glenn

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