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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: Tradegod who wrote (70184)	7/27/1999 11:52:00 PM
From: KeepItSimple	Read Replies (2) of 164684

> This on top of reading that they've scrapped the Junglee junk they bought for 280 > million in stock last year. That deal was nothing more than a kickback scheme designed to enrich a Kleiner Perkins partner who invested cash in Junglee weeks before AMZN "decided" to buy them. That's the sort of thing that will absolutely land people in jail when the bottom finally falls out of this mania. >It was speculated that Amazon was paying it's bills in stock instead of cash. Turns > out they did Everyone knows this. Amazon basically paid for their entire inventory by diluting their common stock. And the fools STILL couldn't turn a profit, when their main product was provided to them FREE OF CHARGE! The accounting tricks they used to pull this off without attracting the attention of the press should certainly win some kind of award. Is it any wonder that the feds blocked the sale of B&T to Barnes and Noble, when half of Al Gore's tech advisory committee is a Kleiner Perkins employee? If B&T was bought out, Amazon would have had to start PAYING for their books! Their bottom line would have been so bad even the pimps on wall street wouldn't be able to keep a straight face and say "strong buy" Don't EVEN get me started about Network Solutions and the government. The CEO stood in front of a congressional committee recently and said "&*&& off!" when asked why they weren't following the law and allowing other registrars to access the root domain registry. They're just dragging it out until they can cash in their options, before their stock drops to zero.

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