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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: SilverAG who wrote (23298)	10/27/1998 9:54:00 PM
From: IceShark	Read Replies (1) of 164684

The SEC forced AMZN to amortize the Junglee acquisition on a straight line method over three years, resulting in a non-cash charge of $14.6 million/quarter that shows up in the merger and acquisition related costs line. Between you and *WrongWay* your local hardware stores must be running out of spray paint and plastic bags. -g- SEC didn't force them to do anything, other than preclude them from writing the whole shooting match off as a one time charge. Since NZMA has a free pass until 2001, write it off over the next shortest period possible - 3 years. Then sequential earnings growth will look great from 2001 on out. That is, unless investors wise up before 2001. i have a sneaking suspicion the jig might be up, though. regards, Ice

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