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

To: Glenn D. Rudolph who wrote (111222)	10/26/2000 9:56:40 AM
From: H James Morris	Read Replies (2) \| Respond to of 164687

>The Associated Press Amazon.com is facing inquiries by the Securities and Exchange Commission (SEC) about its accounting practices. Amazon.com officials said the regulatory agency had questions about how the company accounted for shares it received from its partner companies in exchange for services, such as featuring the partner's Web site on Amazon.com's home page. "We believe we've held to the generally accepted accounting practices that the SEC requires," said Tim Stone, a spokesman for Amazon.com. Amazon.com characterized the SEC's interest as "informal." A spokesman for the SEC would not comment on the matter. Amazon.com lists the value of its investments in its partners as revenue, split up every quarter over the life of the contract. If the value were overestimated, that would affect Amazon.com's bottom line and could affect its stock price.