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To: SouthFloridaGuy who wrote (111613)	11/4/2000 9:03:18 AM
From: Glenn D. Rudolph	Respond to of 164684

Revenue growth is far outstripping loss growth. You do the math I have done the math and quite thouroughly I might add. Revenue is irrelevant if fulfillment costs exceeds gross margins. That has been my premise for years. This is still the case and revenue could go to the trillions and it will not matter. The metrics that you and some (many) analysts point to are totally irrelevant and have no meaning in the retail world. Simply fulfillment expense per item sold must drop. Interest expense must drop. Gross profit using true GAAP must increase. So far none of the above has occurred. Glenn

To: SouthFloridaGuy who wrote (111613)	11/5/2000 4:31:49 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

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