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

AMZN 229.10

-1.4%

3:59 PM EST

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To: Bill Harmond who wrote (144952)	8/7/2002 11:55:11 AM
From: Oeconomicus	Read Replies (1) of 164684

Actually, Bill, while they did make money on the operating income line (something around $1.5 million, which for a company this size is essentially breakeven), it didn't even remotely cover their $30 million of net interest expense. So, while the bondholders made a little, the shareholders made zip (actually, they lost money). BTW, adding back D&A doesn't get you there either. Never mind the option issue or the accounting treatment of Euro-denominated debt - shareholders lost money on a cash income basis. Regards, Bob

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