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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.90+0.2%1:05 PM EST

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To: KeepItSimple who wrote (32257)1/3/1999 11:47:00 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
Of course, nothing surprises me with these guys anymore. Just a week earlier Amazon
sponsored a "poll" showing that consumers planned to spend 300% more online than last
year, and that books and CDs would be their most popular purchase. A great way to keep
the flow of hype press releases going, while sidestepping securities regulations.


KIS,

You could get me started in an area that annoys me to no end. We still have the Covey statement that Amazon would be profitable without marketing costs. However, marketing costs include fulfillment, credit card charges, shipping fees, etc. No one has a clue how much was truly spent on marketing. I suppose that is a trade secret so as to not help the competition??? Placing the books, CDS and videos in boxes is high tech. The bookkeeping at Amazon is the strangest I have ever seen. At least, the bookkeeping that is deseminated in the 10Qs and 10Ks. Covey is not a billionaire yet but has made many millions and took it in cash as a glorified accountant. I bet my accountant, which handles a variety of clients, would love to have Covey's income.

Glenn
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