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

To: Robert Rose who wrote (108511)	9/17/2000 1:48:38 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>Earnings warnings don't seem all that widespread, so all this fretting appears to be an excuse to sell because there's no reason to buy. Rob, there have been 110 announcements of lower-than-expected earnings for the third qtr, up from 69 at the same time last qtr. The euro has lost 14% of its value against the dollar this year. If McDonalds is going to have problems, then everyone knows who does business internationally is going to have the same problem. Don't you agree? The Asian economy is still fragile, and the surge in Oil prices affects them a lot worse than us. The good news? Lehman and Morgan Stanley report next. Both firms have beaten analyst estimates every qtr for the last 6. Btw I often scratch my head wondering why this thread never discussed the "good girls" other than me.;-)

To: Robert Rose who wrote (108511)	9/17/2000 11:09:14 PM
From: 10K a day	Read Replies (1) \| Respond to of 164684

squirrel away some dry powder No dude! That squirrel is chewing on my PANT LEG!

To: Robert Rose who wrote (108511)	9/18/2000 10:36:39 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

From the WSJ: "Amazon takes the lead in its own melodrama Amazon.com continues to pump up the volume. The Seattle-based online retailer appears to be proactively trying to shore up its sagging shares. Amazon closed Friday at 43.63, down 61% from its 52-week high of 113 -- but up 57% from a July low of 27.88. After taking Chief Executive Jeff Bezos on a tour of institutional money managers, Amazon has scheduled an analysts' briefing for Tuesday at the University of Nevada in Reno. Part of the program will include a visit to one of Amazon's vaunted high-tech distribution sheds in nearby Fernley, Nevada. In the spirit of the SEC's new disclosure guidelines, Amazon will make available a portion of the analyst program over the Internet, said an Amazon spokesman. The time and Internet coordinates for the Webcast were not available at press time. Brokerage analysts say they expect the company to tout the benefits of Amazon's state-of-the-art distribution system. The skeptics among them say they are interested in hearing how the company plans to get its double-digit order fulfillment costs under control. What's more, with signs that Amazon's merchandise category expansion may not be working, what does the company plan to do with half-empty warehouses during off-peak retail seasons? One question we would like to hear analysts ask of Bezos and Co. is how asset values are holding up from the company's "commerce network," a group of dot.com retailers in which Amazon has invested -- and which also happen to pay rent for space on Amazon's Website. At the end of the second quarter, according to GAAP rules, Amazon reported that its equity holdings in luxury retailer Ashford.com and drugstore.com were worth about $19 million (based on the value of these holdings at the time the deals with the two companies were struck). But based on market value of those holdings on June 30, those assets were worth just $6 million. As our colleague Bill Alpert pointed out last week ("The Numbers Game," September 11), Amazon is among a handful of companies that likes to amplify its pro-forma results prominently in financial press releases. Amazon supporters say the company does this to provide investors with a clearer picture of how company operations are performing. So wouldn't it be equally useful to investors for Amazon to report the pro-forma values -- read actual values -- of the assets on its balance sheet? Or does Amazon want to have it both ways -- reporting pro-forma results when they make the company look better, and GAAP results when they show the company in a more favorable light. Amazon's spokesman was unable to comment on this issue by press time. "