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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 249.14+0.3%Nov 11 3:59 PM EST

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To: H James Morris who wrote (94005)2/19/2000 5:23:00 PM
From: spal  Read Replies (2) of 164684
 
James

Very interesting article.

I am suprise no mention was made of PCLN's creative accounting practices - recognising the full purchase cost as the revenue from selling an airline ticket, as oppossed to recognising just the commission they generate as revenue.

If the SEC is taking a close look at Internet companies accounting practices, and they decide to take a hard core stance, this could cause quite a negative ripple thru the investment community as the real truth gets disclosed about their real financail health.

I guess we will have to just wait and see.

S Pal
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