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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.18+0.4%3:10 PM EST

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To: SilverAG who wrote (23149)10/26/1998 9:47:00 PM
From: OtherChap  Read Replies (1) of 164684
 
>Also, why have adjustments been made to the 1997 statements?

It's called "cooking the books." Excite tried to do it, and the SEC slapped them down. :)

>Didn't the acquisition happen this year?

Yes, but reality has no bearing on this stock's financial reports, obviously. But the part about restating last year's results just days before their "earnings" announcement is just totally unbelievable.

I guess they were scraping the bottom of the barrel, looking for absolutely anything they could use to justify the upcoming 3:1 split.

I thought every listed company had to issue a standard news release when restating previous earnings? Or can they just bury it in this weeks results and hope nobody notices (or cares) ?
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