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Strategies & Market Trends : Tech Stock Options

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To: Byram who wrote (56596)10/28/1998 5:57:00 PM
From: AlanH   of 58727
 
CNBC has stooped to all-time lows...

Market Wrap is reporting AMZN as exceeding analysts' expectations -- using pro forma figures. Pro forma results (as reported by AMZN) are clearly *NOT* in accordance with GAAP standards, and are for entertainment purposes only. [Earlier CNBC had reported actual results of (.90), but neglected to mention these results in any way during the "detailed" coverage.]

CNBC should include the standard info-mercial disclaimer at all times.

Cheers,
Alan

ps. I hold no current position/s on AMZN.
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