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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST
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To: John Ke who wrote (10477)7/15/1998 5:45:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
I'm no accountant, but it seems to me that Amazon breaks down there sales and expense
information as little as possible. Perhaps they're just trying not to tip off the competition.
The Washington Post made it sound like Bezos was down right paranoid about giving out
information on the business.


John,

The financial information provided is as little as possible by law. Full disclosure would not be of help to the competition. You do not believe the competion understands the marketplace for books and CDs. The reason, in my opinion, is to mislead the long investor. They place all operating costs in marketing. They do not give the revenues of acquired companies so how can one compare quarter to quarter? They did not even give out how much was spent to acquire each company. It was never idicated if it would be accretive or not to earnings.

It is my opinion the company is corrupt. They are well aware they will never turn a profit and the insiders will become wealthy when a bunch of retail investors are holding shares of a company with a negative book value.

Bezos is excellent at manipulating the street. He does a wonderful job in hyping the stock to get buys. He has no knowledge of retail which shows in his lack of performance.

Glenn
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