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

AMZN 229.55

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3:59 PM EST

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To: Bill Harmond who wrote (72481)	8/6/1999 8:51:00 PM
From: KeepItSimple	Read Replies (2) of 164684

>Victor, that's bullshit. William, talk with people directly involved in the industry. The vast majority of internet ads are paid for in swap deals where no actual money exchanges hands (but shows up as phony "revenue" on their SEC filings) or they are bought by newly minted internut startups who usually end up not paying. For example, during a CNBC interview with mark haines on squawk box, he questioned the president of Infospace about receivables and that Infospace currently had a rate of around 80% non-payment. I suspect the nonpayment rate for other companies is similar.

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