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

AMZN 220.66

+1.6%

Nov 21 3:59 PM EST

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To: Bill Harmond who wrote (16206)	9/5/1998 3:35:00 PM
From: OtherChap	Read Replies (1) of 164684

>Yahoo has been profitable from operations since third quarter, 1997. William, before I thought you were just misinformed but since you have now repeated this falsehood, I have to point out again that this is NOT TRUE. If you remove the interest income that is generated from their 100 million dollar wad of IPO cash (and the subsequent investment by Softbank), they have shown a loss every quarter since inception. This is not a disputable point, this is a fact. Now if you consider money sitting in the bank earning interest to be an integral part of Yahoo's "operations" then I guess you could still make your claim with a straight face. But as far as the IPO prospectus states, selling advertising and e-commerce is the "operation" of Yahoo. Earning interest on cash sitting in the bank was not part of the business plan put forward in the prospectus.

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