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

To: H James Morris who wrote (140777)	3/19/2002 12:43:41 PM
From: GST	Respond to of 164685

HJ: Thanks for the great article -- I noted these companies: <<In Yahoo's (YHOO: news, chart, profile) most recent audited filing, the company said it would have recorded a loss of $983 million in 2001 if it were to account for options. This compares to the recorded annual loss of $92.7 million. In 2000, Yahoo would have reported a loss of $1.2 billion vs. a gain. According to Merrill Lynch's report, Cisco Systems, (CSCO: news, chart, profile)Agilent, Altera, Apple Computer, Brocade, Sanmina and TI were the companies that would have seen the greatest reduction in earnings. Not only do earnings look artificially better, cash flow looks healthier as companies enjoy the tax benefit to their cash flows. In the Merrill report, nearly 30 percent of the net-operating cash flows in 2001 were derived from stock-option tax benefits. The companies that enjoyed the greatest percentage tax benefit were Amazon.com (AMZN: news, chart, profile), Altera, Lucent and Conexant.>>