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

To: H James Morris who wrote (116576)	2/1/2001 1:43:49 AM
From: Glenn D. Rudolph	Read Replies (4) \| Respond to of 164684

Bezos called the layoffs "distressing for everybody." The company, he said, established a trust fund of Amazon.com stock that would be distributed to those employees in two years. "Hopefully, as we do well over the next couple of years, we want them to share alongside us," he said. James, You are going to find this funny but my wife and I spent an hour listening to the conference call, drinking and having snacks. I am obsessed with the continual lying of management at Amazon at least I believe they are lying. Anyhow, it was my birthday and Laura was willing to enjoy that hour with me as we listened to Bezos and Jenson studder on numerous occasions in particular about the non improvment in distributions costs, gross margins versus total margins and then some "stuff" about a linear spreadsheet that would become non linear in the event one did a pivotal chart, a bar graph and then jumped on the virtual Excel spreadsheet and slid down into money heaven. The real question that came to mind was how much will those Amazon stock shares be worth in two years when they will be slowly moved from the trust fund to the eliminated employees? I suspect those employees are going to retire now knowing they have a great windfall coming their way in afew years:-( There truly was one female analyst (I can't recall the name) that asked a question that was really pertinent. The question was regarding the continued free shipping for orders over $100. She asked won't the company end up in a "stuck position" (I do not recall the exact wording) after they have trained their customers to expect free shipping. This is a valid problem and the anser from Jenson I believe was it was an experiment. That is not an answer. Glenn