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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: H James Morris who wrote (136094)	12/22/2001 12:19:32 PM
From: Alomex	Read Replies (1) of 164684

Anybody using the defraud-o-meter to tally Amazon revenues should remember that, in contrast to last year, it now includes (1) used items (2) partnership items (3) books which were discounted 10-20% from last year's prices. This is the reason why a 20% increase in item sales is being translated by analysts to anywhere between 4-15% increase in revenues depending on who you talk to. Pro-fudged profits are pretty much a given. Actual bottom line performance will not be so good.

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