To: 16yearcycle who wrote (161 ) 5/15/2000 4:17:00 PM From: KeepItSimple Read Replies (1) | Respond to of 57684
>Pretty tough to manipulate revenues, Not really. All you do is issue a few hundred million bucks worth of 10 dollar off coupons (ala amazon) or give out hundreds of millions of dollars of loans to shaky upstart tech companies to buy Cisco routers. Making phony revenues are the easiest thing in the world to do, as long as you have enough cash in the bank to throw away in the process. Being profitable is almost impossible to accomplish, except of course if you want to be fraudulent about it and state that a "books" division is profitable, without releasing any numbers, and without stating if that division benefits from the "marketing" costs that the other divisions conveniently cover. (btw im not talking about Amazon here, because we all know Amazon would never lie to us or attempt to mislead.) And Bezos would NEVER attempt to manipulate his own company's stock in any way! I mean, when he made the announcement about the announcement that was going to "fundamentally change the face of e-tailing forever" that turned out to be "we're selling garden tools".. Well, that had nothing to do with getting some large option hedges of his into the profit zone. I mean, just because the guys former career was as a hedge fund manager- he CERTAINLY forgot how options markets can be manipulated now that he's taken on the benevolent role of Amazon dictator. BTW- how did he afford that entire top floor in central park west if he already spent the entire value of his first stock sale on his washington house? Hmmm.. It certainly wasn't his salary.. Perhaps it was income from HEDGING? (and when you're an insider, i prefer to refer to that as frontrunning)