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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 219.40+1.0%1:39 PM EST

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To: Eric Wells who wrote (80149)10/12/1999 2:31:00 AM
From: dbblg  Read Replies (2) of 164684
 
OT

Eric,

I finally saw the Abelson piece in Barron's. His "friend" is talking about a different pension issue than I had (sloppily) assumed he was. In any case, I think it is even less significant than I originally thought. Among other things, the amount of pension overfunding brought into income (I'm pretty sure that's not the right terminology, but you know what I mean, right?) in 1997 was especially low because of a layoff/early retirement charge. I don't think the jump from 97 to 98 is cause for concern any more than I thought the decline from 96 to 97 was cause for jubilation. I suppose there's a bigger issue about the proper role for accounting-earnings in evaluating a business, but I'm sleepy enough without discussing accounting...

Incidentally, someone sent me e-mail mentioning a company response to the Barron's piece, but I haven't seen it.
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