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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (18634)10/30/2000 9:08:21 AM
From: E Rosen  Read Replies (2) of 18691
 
Opinions on Amazon?

I'd be interested in people's views on Amazon.

There is a very damaging article in this week's Barrons, documenting misrepresentation of equity stakes in other dot coms as cash holdings. Assertions that payments from partners were in cash also came from Morgan Stanley (their underwriter) during the quite period, right before their huge eurobond funding. And they failed to account for huge drops in the valuations of those holdings.

Do you think there will now be class action suits? Will they be forced to restate? What will the SEC do?
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