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

AMZN 233.95

+0.3%

3:59 PM EST

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To: Peter J Hudson who wrote (31691)	12/30/1998 12:39:00 AM
From: Gary Walker	Read Replies (1) of 164684

>calculations are only meaningful if there are tangible assets and equity. I'm no cpa, but your statement is not accurate. There are tons of companies with patents and licensing agreements that are better income producers than hard assets. In fact, the most successful businesses create wealth without making investments in tangible assets. How much value in MSFT is related to tangible assets? Not much as a percent of the market cap. In any case, if the assets don't create income, all is a mute point. The DLJ article as a AMZN market cap justifier was full of holes, but the accounting side is A1.

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