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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 May who wrote (10520)7/15/1998 10:07:00 PM
From: BayPig  Read Replies (1) of 164684
 
> He obviously knows one hell of a lot about retail, and his performance has been stellar. Your comments are nothing more than sour grapes.

What he knows a lot about is manipulating the investment public. If that is what you are talking about when you say "performance", then you are correct. However, if you think Amazon the company has stellar performance, I do not understand. All they have done is lost a stellar amount of money! They have not demonstrated that they can even come close to making a profit.

Glenn's comments have a lot more substance than sour grapes. I too believe this is a scam. If this company wanted to make an honest go of this business, they would account for expenses in a straight forward and up front manner. They would not have their CFO promoting some new valuation model that ignores marketing expenses while at the same time putting every possible expense under that category.

What they have cleverly created is a scheme to generate impressive revenue growth by spending other peoples money on lavish marketing while selling product at a loss. They have run out of their IPO money and will soon run out of their junk bond money. This is not a viable business that can be sustained. Time will prove Glenn, myself and others correct.

BayPig
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