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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (463)	2/5/2002 10:20:02 AM
From: William JH	Read Replies (1) \| Respond to of 1487

A reporter from Barron's was interviewed on KNX (CBS) news radio station here in Los Angeles yesterday. He said that just prior to their European bond offering of a few years ago, Amazon booked significant (I forget the amount, it was many millions) revenues from affiliates. According to him, Mary Meeker, the queen of the internet and analyst for the lead underwriter, said in writing that these revenues were in cash. Barron's contends that this revenue was in the form of stock, stock in companies like Drugstore.com, which is now either worthless or worth pennies on the dollar. (Barron's has written several articles critical of AMZN over the past few years). If our markets are the most honest, what must be going on elsewhere?