Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (122036)	3/29/2001 8:17:31 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> More Reasons To Raise Eyebrows Over Amazon Glenn, amzn is very boring now. Both as a stock, and even more so as a business. As you've expected it is on a sure road to bankruptcy. The only relevant aspect is how much destruction (of legitimate bookstores) it caused while the idiots were throwing money at it. I wonder if short sell losses are covered by the class action suits. I hope Bezos is disgorged of all his ill-gotten millions. I wonder if any of the suits are targeting Morgan Stanley ?

To: Glenn D. Rudolph who wrote (122036)	3/29/2001 3:34:41 PM
From: Alomex	Read Replies (2) \| Respond to of 164684

None of these questions appear to have dampened Amazon's optimism - Chief Executive Jeff Bezos reiterated Monday that Amazon would show a "pro forma operating profit" in the fourth quarter. But that itself is a cagey way of putting things; for Amazon, "pro forma operating profit" doesn't count interest, a net $90 million expense last year, as well as assorted noncash items. Amazon's real bottom-line loss for 2000: $1.41 billion. Even on a "pro forma operating" basis, it lost $317 million. And this is the reason, ladies and gentlemen, whyAmazon will report "pro forma operating" profits in Q4'2001. Any accountant worth its salt (and with no morals) can fudge away such a small loss for Q4'2001, specially if you add the recent economies made, such as layoffs, closure of a DC and so on.