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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%12:59 PM EST
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To: James Thai who wrote (40693)2/17/1999 7:06:00 PM
From: R. Resendes  Read Replies (2) of 164684
 
The interesting thing about such an "investment", is that they will be able to book it as an asset and avoid running it through the income statement.

In a similar fashion to the converts with the low i-rate, AMZN continues to work GAAP to minimize reported losses.

While AMZN management consistently speaks in terms of not worrying about current profits, they tend to work GAAP rules as much as possible to minimize losses, and/or book losses as one time items.
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