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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.27-0.6%Dec 11 3:59 PM EST
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To: Glenn D. Rudolph who wrote (138618)2/5/2002 12:43:53 PM
From: Oeconomicus  Read Replies (1) of 164684
 
Glenn, where did you get the idea that AOL's $100 million was in any way paying for development work? The original press release (http://www.iredge.com/iredge/iredge.asp?c=002239&f=2005&fn=AMZN_AOL7_23_01__621.htm) and the financial statements both state that AOL invested $100 million in common stock. All of it, net of issuance costs of course, was booked to equity - none became revenue of any sort, deferred or otherwise.

BTW, currency gains and losses definitely ARE operating items under GAAP. Trust me. ;-)

I wholeheartedly agree with your last statement, though:

In fact, I [find] this to be true of many people on stock chat threads and also of the many analysts hired by the brokerage firms.
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