Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: GST who wrote (143364)	6/26/2002 12:25:46 AM
From: Glenn D. Rudolph	Read Replies (3) of 164684

"What are the odds that AMZN's books are clean? You studied them more carefully than anybody else I know. TIA. " We already are aware some parts of their books are/were incorrect. In particular, the payments from partners which was stated as cash but turned out to be stock. There appears to be trends among firms that if one part of the bookkeeping is incorrect, there are more hidden problems. I doubt studying their books is much help in turning up any possible inaccuracies. All we get to see is what is filed with the SEC in their 10Qs and 10Ks. Personally, I do not have a lot of confidence in their inventory valuations. Their inventory numbers have been extremely choppy for years and they do not fit that which is typical of a retailer. Only time will tell.

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