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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Glenn D. Rudolph who wrote (103295)	5/11/2000 10:40:00 PM
From: Robert Rose	Read Replies (2) of 164684

Glenn, the examples you cite I would still put in the category of profligate, rather than wasteful. I guess I would define the former as (even lavish) spending that can be justified on some level as building toward an eventual goal (revenues, profits, eyeballs, page views, what have you). Wasteful however, is harder to justify. A great example is aapl in the mid 80s (I was there.) Worker bee employee conferences in Hawaii, flying worker bee candidates across country 3 and 4 times because someone was just not quite sure. Fabulous company parties, et al. It's called pissing away market share to msft....

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