Amazon.com, Inc. (AMZN) Message Board

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

AMZN 218.36

-1.9%

1:55 PM EST

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To: IceShark who wrote (16203)	9/5/1998 3:04:00 PM
From: OtherChap	Read Replies (2) of 164684

>means that AMZN gave away a fair amount to hook up with them. 5 million shares at the current price of 86 comes to 430 million. I dont remember seeing any press releases about any "alliance", in fact I didn't see any information from Amazon at all. It's as if they didn't want to attract attention to it. Using overinflated stock to buy companies is one thing, but using that stock to pay for your INVENTORY is ludicrously dangerous. Hell, the SEC is about to change the rules so companies can't keep writing off the purchase price of those companies and then adding the revenue to their bottom line. (remember how Amazon just got caught last week for considering their ongoing advertising expenses as "unusual one time charges" and then writing them off?) Lets see. Amazon writes off their advertising, their aquisitions, and possibly gets a substantial portion of their inventory by paying with stock. And they are STILL losing money. How can any sane person recommend this stock as a buy? The internet's biggest success story.. Yeah, and I've got a bridge you may be interested in purchasing.. It just needs a bit of paint, but it is located RIGHT NEXT TO MANHATTAN!

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