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

To: Victor Lazlo who wrote (144833)	8/6/2002 12:26:15 PM
From: Glenn D. Rudolph	Read Replies (4) \| Respond to of 164684

"AMZN will be best remembered as a case study in excess and how not to structure a retail business. And for that I guess it will have served a useful and educational purpose. " I doubt anyone will learn anything useful from Amazon. I can't see a lot of difference between Amazon, Worldcom or Enron. Amazon has a total loss now exceeding $3 billion. That is a number close to the amound that Woldcom mistated as capital expenditures rather than expenses. Yet Amazon insiders have become extrememly wealthy from the stock of this firm. Jeff Bezos alone has sold close to $200 million in stock thus far and if we look at the Kleiner Perkins involvement and prior CFOs etc, billion were made by these people. The return on invested capital is a huge negative so the only way these people could possibly have made a total of billions of dollars was through the transfer of money from other shareholders. There is no other way and the money has not been earned. That is not much different that what Ebbers was doing and many of the Enron management people. They were simply tranferring wealth from shareholders to themselves to enrich themselves. There was never a return on invested capital.