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

AMZN 229.60

+1.5%

Nov 25 3:59 PM EST

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To: Victor Lazlo who wrote (73763)	8/14/1999 4:31:00 AM
From: KeepItSimple	Read Replies (2) of 164684

Practically every Internut company is guilty of misleading the SEC and investors to a degree that is almost criminal. I was having dinner 2 weeks ago with a VP of medium sized e-tailer here in the valley. He was in an extremely good mood because the accountants had agreed that it was perfectly legal for the company to stop breaking out advertising revenue seperately from their actual product sales- this "etailer" company makes 90% of their money from advertising banners- but now they are going to be able to claim 100% or more revenue growth as ONE ITEM on their next quarterly statement, because they just signed a lucrative banner-swap advertising deal. (in which no actual money exchanges hands, of course- but that's the norm for internuts) There will be no way for ANYONE outside the company to know that this growth did not occur inside their core business. He was ecstatic, really. People are going to end up in jail. I cannot believe how brazen it has become. ------------------ Tonight on Rukeyser, Jim Callinan, Portfolio Mgr of RS Emerging Growth Fund called Priceline a net stock he does not like. They are "triple and quadruple counting revenues," he said.

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