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

AMZN 221.11

-0.6%

2:40 PM EST

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To: Skeeter Bug who wrote (145618)	8/16/2002 7:07:26 PM
From: Oeconomicus	Read Replies (1) of 164684

...the problem is that wcom was $7,000,000,000 off. that ain't chump change it show ahahahaha doesn't understand the telecom market. Don't know this ahaha... dude, but he was hardly alone in getting fooled by the Ebbers Sullivan show. Deutsche Bank bought 11% of MCIT and Alliance Capital picked up another 112 million shares of WCOM (on top of the 210 million they owned at 3/31) thinking the earnings were real and the stock was an incredible bargain. And presumably, someone was getting paid decent bucks as a buy-side analyst at both firms - hard to argue they were complicit, recommending the stock in spite of known problems hoping for i-banking biz. Yes, it seems obvious now, but then the entire industry was fooled as well. Bob PS: Misery DOES love company. ;-(

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