Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GST who wrote (143364)	6/25/2002 9:13:56 PM
From: 10K a day	Respond to of 164684

they could always wash them.

To: GST who wrote (143364)	6/25/2002 10:51:27 PM
From: Ted The Technician	Read Replies (1) \| Respond to of 164684

Are the books clean? AMZN's auditor is E&Y, so I'm hoping that it is clean so that other E&Y-audited companies won't be infected. CFO will be leaving though which makes one wonder. It will be interesting to see how much damage Buy.com can inflict on AMZN. As long as Buy.com has a scale-able business, AMZN could get hurt quite a bit. I would think that AMZN should be able to command a premium on its goods since it might be perceived to provide a higher level of service than Buy.com. To be able to command a 10%-30% premium for goods sold might be too high though. Also, the low cost provider should end up with the highest level of revenues.

To: GST who wrote (143364)	6/26/2002 12:25:46 AM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 164684

"What are the odds that AMZN's books are clean? You studied them more carefully than anybody else I know. TIA. " We already are aware some parts of their books are/were incorrect. In particular, the payments from partners which was stated as cash but turned out to be stock. There appears to be trends among firms that if one part of the bookkeeping is incorrect, there are more hidden problems. I doubt studying their books is much help in turning up any possible inaccuracies. All we get to see is what is filed with the SEC in their 10Qs and 10Ks. Personally, I do not have a lot of confidence in their inventory valuations. Their inventory numbers have been extremely choppy for years and they do not fit that which is typical of a retailer. Only time will tell.