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

To: Glenn D. Rudolph who wrote (138618)	2/5/2002 10:50:52 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>> Bill Harmond never ever took accounting or if he did, he did not learn it. << I knew that several years ago when he said Amzn was cash flow positive. You were here remember? Well, I just read some where the other day that W Jenson (amzn cfo) is expected to present to an Investment banker audience he expects Amzn to be cash flow positive by the end of 2002.

To: Glenn D. Rudolph who wrote (138618)	2/5/2002 12:43:53 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Glenn, where did you get the idea that AOL's $100 million was in any way paying for development work? The original press release (http://www.iredge.com/iredge/iredge.asp?c=002239&f=2005&fn=AMZN_AOL7_23_01__621.htm) and the financial statements both state that AOL invested $100 million in common stock. All of it, net of issuance costs of course, was booked to equity - none became revenue of any sort, deferred or otherwise. BTW, currency gains and losses definitely ARE operating items under GAAP. Trust me. ;-) I wholeheartedly agree with your last statement, though: In fact, I [find] this to be true of many people on stock chat threads and also of the many analysts hired by the brokerage firms.