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

To: H James Morris who wrote (142913)	6/11/2002 2:50:47 PM
From: Ted The Technician	Read Replies (1) \| Respond to of 164684

>>Amazon did put up $10 million in cash for the 7.4 million >>shares it received, but it also got $6 million of that >>back from Ashford, with Ashford paying for customer >>referrals that it hoped to obtain from Amazon. Amazon was >>able to recognize revenue from the advertising and the >>customer referrals and the noncompete clause, which >>helped its financial statements look better than they >>would have without the deal. This type of "I give you cash, and you give me cash back so that I can claim it as revenues" scheme is one of the most dangerous and classic ways of pumping up stock prices. It usually ends in a huge write-off and drop in stock price.