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To: Alomex who wrote (124083)4/24/2001 9:36:42 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
Easy: it seems they buried their losses in the restructuring charges.

For example they claim that their fulfillment costs went down, from $99.4 million to $98.2 million. But then if you look at "Impairment related and other" which is $114.2 million, they bury there the expenses of the Georgia, Seattle and Amsterdam distribution facilities.

Also equipment upgrades which are part of day operations in a technology company are buried there.



Jenson claims this is absolutely not the case;-)