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


To: tonyt who wrote (120061)3/11/2001 11:37:16 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>Bill Curry, an Amazon spokesman, said: "We have received the letter. We have
nothing to say about it."
The society is fighting for the right of investors to accurate
financial information. High time somebody did.
Tonyt, I'm thinking this guy Bill Curry could get an A for being a diplomat.
I wonder if he was ever a spokesman for Richard Nixon when his presidency was crumbling down.
>The particular tower of Babel under assault by the society is the one that Jeff built.
Jeffrey P. Bezos, that is, chairman and chief executive of Amazon.com. The Internet
retailer is the subject of a forum sponsored by the society to tackle the issues of
confusing financial information facing investors today.
Do you know until Jeff and his then CFO Joy Covey (she has since left taking with her a 'ton' of money) came up with EBITDA reporting I had never heard of it before?
Now its commonly used by most companies who are trying confuse everyone.
EBITDA is great for cash flow analysis, but give me company who reports in GAAP, and Glenn and I can tell in 5 minutes whether its making a profit or not!



To: tonyt who wrote (120061)3/11/2001 11:52:36 AM
From: hdl  Read Replies (3) | Respond to of 164684
 
the society and the ny times are kicking a company, the man of the year and investors in the company when they are down



To: tonyt who wrote (120061)3/11/2001 4:25:29 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 164684
 
tonyt, i'll bet dollars to donuts amzn's book and whatever other business they call "profitable" isn't profitable in the traditional sense.

if they give more information that folks will see this to be true.

my guess is they are categorizing away some related expenses.

you tell unless there is something to hide. gretchen's report, and common sense, says that amzn is willing to either lie or mislead. therefore, everything they say is suspect.

more information is required to hold them accountable and that is why the *REFUSE* to release it. they don't want accountability. the lie/misleading would go away far too soon.