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

To: Victor Lazlo who wrote (144121)	7/23/2002 5:17:25 PM
From: GST	Respond to of 164684

Thanks Victor -- I will take our "leaders" seriously only when they agree with Buffet and others that stock options MUST be expensed as compensation before we can eliminate systematic fraud from company accounts.

To: Victor Lazlo who wrote (144121)	7/23/2002 7:46:40 PM
From: Ted The Technician	Read Replies (2) \| Respond to of 164684

>> AMAZON LACK OF CONVICTION Stock-based compensation expense doubled sequentially to 3% of revenues. Must be due to employees exercising stock options and selling the underlying stock. The ugly part of options is that it increases expenses as they are exercised and the stock sold. If many employees exercise the options and sell at the same time, the expense would shoot up dramatically and effect a significant drop in earnings just as the company needs to show improved earnings.