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

AMZN 233.99

+0.3%

10:57 AM EST

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To: Oeconomicus who wrote (145043)	8/8/2002 11:17:31 AM
From: H James Morris	Read Replies (1) of 164684

Bob, it appears even the SEC finds EBITDA reporting misleading. Aon May Have to Restate Earnings Insurance: The broker says the SEC questioned its accounting practices. Shares fall 30%. The SEC's questioning of Aon's accounts suggests that the firm was aggressive with its profit reports. To remedy the situation, the SEC demanded that the firm release more information in its financial reports and stop using EBITDA (or earnings before interest, taxes, depreciation and amortization) numbers, which are potentially misleading latimes.com

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