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

To: H James Morris who wrote (138573)	2/5/2002 9:56:35 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

">>Too bad we can't take the $100 million from AOL away<< Didn't Aol get Amzn stock for the $100 million? I wouldn't call it a loan, if that's correct." I have said this many times and will say it again. AOL was to get stock for the $100 million and and undisclosed amount of technical work by Amazon on their e-commerce site. AOL paid for the work in advance. Kind of strange? Also, Amazon did not post their obligation to AOL in unearned revenue at any time. How many firms pay for a large scale web site design change in full a year or more in advance? I would like to know where this unearned revenue is on Amazon's books, its amount and keep in mind it is a liability which reduces any possible earnings. Everyone touted the change in amazon's fortunes after Q4 stating they turned a profit for one quarter under GAAP. This is bullsh*t. Currency exchange changes does not fall into operating profits. Secondly, let's deduct the unearned revenue from AOL. I have never seen such bookkeeping in "real firms." The funny thing is the public believes it. I can tell you one thing and this I know for sure. Bill Harmond never ever took accounting or if he did, he did not learn it. He can't read a balance sheet or an income statement at all. In fact, I fine this to be true of many people on stock chat threads and also of the many analysts hired by the brokerage firms.