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

To: Glenn D. Rudolph who wrote (111470)	10/30/2000 2:59:17 AM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

>This story is coming to a close. It won't really be over until Bozos has to get his old used honda out of storage and actually starts driving it.

To: Glenn D. Rudolph who wrote (111470)	10/30/2000 9:11:55 AM
From: E Rosen	Read Replies (1) \| Respond to of 164684

Class Action Suits? There is a very damaging article in this week's Barrons, documenting misrepresentation of equity stakes in other dot coms as cash holdings. Assertions that payments from partners were in cash rather than stock also came from Morgan Stanley (their underwriter) during the quiet period, right before their huge eurobond funding. And they failed to account for huge drops in the valuations of those holdings. Do you think there will now be class action suits? Will they be forced to restate? What will the SEC do?

To: Glenn D. Rudolph who wrote (111470)	10/30/2000 10:42:33 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>This story is coming to a close. Not until the results of Amzns global expansion comes in. Amzn is batting in the bottom of the 4th. Btw Here's a KP child might want to buy, but maybe not yet. >Founded in 1996 by Wolff, 39, a former research scientist at AT&T Bell Labs, Homestore.com is backed by Kleiner Perkins Caufield & Byers, the venture capital firm that helped set off the Internet boom.

To: Glenn D. Rudolph who wrote (111470)	10/30/2000 3:08:49 PM
From: Alomex	Read Replies (4) \| Respond to of 164684

Barron's article and the SEC investigation echo questions that Glenn raised here many months ago. Looking back on this forum I can see quite a few far reaching calls made well ahead of similar calls from "analysts": 1. Amazon would require warehouses, thus invalidating their claim of zero-inventory company. 2. Amazon has the same model as a mail-order company, not the model of a "new economy" company (whatever that means). 3. The business model is suspect (meaning, it is reasonable to question if it will ever make any money). 4. Suspect circumstances surrounding bond offerings. 5. Questionable accounting practices. 6. One time gains in cash position in Q3'2000. 7. Possible inability to pay back debt. 8. Others? All of these are now coming to light. Be it by Amazon's own actions, SEC investigation, Suria from ML, you name it. Pardon the self congratulatory tone, but I'm impressed with how many calls (and how far ahead) this forum in general and Glenn in particular got right.