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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Merriwether who wrote (93127)	2/7/2000 6:53:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

<<I filed a complaint requesting the SEC to investigate the profit statements by Amazon.com >> Glenn, Are you short amzn(stock or calls)? -pwm Paul, I have no position and have not had one in more than a year. I believe Amazon lied about profitability of the book business based on my research of prior 10Qs, 10Ks and the numbers release for Q4 of 1999. According to my calculations, Amzon's book business at best could have broken even if there are no general and administrative expenses. It is in the interest of the market in general that companies due proper information desemination. Maybe Amazon is trying to re-define what profitability may be;-) Anyhow, I believ the SEC should police irregularities that are intentional although I personally have nothing to gain. I suspect a lot of research would not be neccessary to confirm this inaccurate information. A one or two day audit would do fine. That is my opinion. I could not prove my position without a bit further information but suspect I could in a few hours of looking at the Amazon books. No pun intended. I am simply pointing out that Amazon "may" be trying to mislead the investing community. Glenn PS I was short Amazon when I believed that the firm had no chance of success. During that time frame, most analysts and Amazon itself hyped the company to no end. I suffered a large financial loss. During the same time, insiders took millions of dollars of profits out of Amazon. My personal position now is I what honesty from management at Amazon. I can't way absolutely they lied without further information as I stated above but it would be 99.9% likely they have lied if profitability is defined as in GAAP.