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

AMZN 246.42

-0.4%

Jan 12 3:59 PM EST

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To: e. boolean who wrote (22163)	10/19/1998 10:14:00 AM
From: H James Morris	Read Replies (3) of 164684

eb< (I believe Meeker was whispering loudly about -$0.52 last week)> Since Mary talks to Covey more often than Glen and William. She should be within a 1/2 penny . We will need a Sherlock Holmes type to decipher the 'Things' #'s. Glen has mentioned the $25mil that one of their acquisitions had in cash. I can't even figure whose cash it was, and how Covey will report it? Obviously, all eyes will be on revenue growth. It will be interesting to see how the cd and tape sales have increased their revenue. I expect them to hail their European results. Sales up 50%, calling that the big growth area. What you won't see is all they did is sell more books over there than the previous qtr. Since the Street doesn't appear concerned about losses, the fact that all my Seattle buddies have told me about all the contract programmers Amzn has brought in, will probably be hidden. Meaning, all the big bucks that Bezos is spending on technology, will probably be capitalized, rather than expensed. I'd like to hear what William thinks.

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