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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Glenn D. Rudolph who wrote (52615)	4/25/1999 2:20:00 PM
From: Bill Harmond	Read Replies (1) of 164684

"In 1998, we generated $31 million in operating cash flow which more than offset net fixed asset additions of $28 million." Jeffrey Bezos, from Letter to Shareholders, 1998 Annual Report "When forced to choose between the appearance of our GAAP accounting and maximizing the present value of future cash flows, we'll take the cash flows." Jeffrey Bezos, from Letter to Shareholders, 1997 Annual Report It's over, Glenn. Pay up! :) P.S. Isn't it a rule of investing to never fall in hate with a stock?

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