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


To: H James Morris who wrote (124442)5/2/2001 10:47:40 AM
From: Alomex  Read Replies (1) | Respond to of 164684
 

Over the past few years, it's become a way for fast-growing technology companies to bury all their financial garbage when they're faced with reporting rotten bottom-line numbers.

....

Instead of just "goodwill," which lets companies amortize charges associated with an acquisition, companies now use pro-forma results to describe what their results would look like without the effects of accounting, investment losses, advertising costs, research and development, venture capital losses ... you name it.


Truer words have never been said.



To: H James Morris who wrote (124442)5/2/2001 11:31:23 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 164684
 
hj, nice article. pro forma abuses are disgusting and only during a bubble will this crap fly...



To: H James Morris who wrote (124442)5/3/2001 1:26:23 AM
From: Glenn D. Rudolph  Respond to of 164684
 
James,

During Amazon's recent numbers release, they stated that their proforma is how they measure their performance. They even stated that GAAP is not a "good way" to look at the numbers. I doubt Amazon is alone with this type of comment.