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: GST who wrote (137539)	1/22/2002 8:44:30 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

gst, i wonder if the re-valued any loser investments they may have had... hmmmmm... something stinks, imho...

To: GST who wrote (137539)	1/22/2002 11:01:17 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

Well, there ya' have it. Had it been realized gains on investments they sold or realized gains on retirement of the debt, I'd give 'em credit, but this is akin, IMO, to marking up an investment to reflect unrealized gains. Technically though, it is GAAP (as I understand the rules even if I don't agree with them). Now, if the foreign currency obligation was designated as a hedge of an investment in AMZN's foreign operations (Euro debt would effectively hedge Euro assets), then this would not have hit the P&L. This also raises the question of whether any write-down was taken on AMZN's investments in foreign operations for the same exchange rate changes. Hmm. Bob