To: Glenn D. Rudolph who wrote (144925 ) 8/7/2002 2:13:07 AM From: H James Morris Read Replies (2) | Respond to of 164684 >>"The difference between enron and amazon is that the Feds haven't gotten around to Amazon yet ! "<< That might change because the SEC is currently looking into all of AOL's deals prior to the Time Warner merger. AOL and AMZN made a lot of deals. Didn't Amzn leave YHOO so they could get an exclusive online advertising deal with AOL? And what was the $100 million investment AOL made in Amzn all about? Curious minds want to know, and the conspiracy theory continues.;) >>By REUTERS Filed at 10:32 a.m. ET LAS VEGAS (Reuters) - PurchasePro.com Inc. (PPRO.O), a business software maker, on Tuesday said federal securities regulators had launched an investigation of the company. Sources had previously told Reuters that the U.S. Securities and Exchange Commission was looking into PurchasePro's past business relationship with AOL Time Warner Inc. (AOL.N) as part of the SEC's investigation of the media conglomerate. The investigation into AOL's dealings with PurchasePro stemmed from a July article in the Washington Post, which examined the online giant's past relationships with several companies during the heyday of the Internet boom of 2000 and 2001. In addition to PurchasePro, the article also mentioned a relationship with online real estate firm Homestore.com Inc. Homestore is being sued by the California State Teacher's Retirement System, which alleged the company engaged in revenue-boosting schemes with third parties, including AOL. The SEC wanted information from PurchasePro regarding other companies, but it was also conducting an inquiry into PurchasePro itself, the company said in a statement Tuesday. ``PurchasePro also has provided information to the SEC in response to separate inquiries regarding other companies,'' PurchasePro's statement said. A PurchasePro spokesman could not be reached immediately for details. The Las Vegas-based online business-to-business software maker said it was cooperating with the SEC, both in the investigation into its activities as well the SEC's interest in other companies.PurchasePro shares, which in December 1999 hit an all-time high of $437.50, was trading Tuesday morning at 28 cents on the Nasdaq, just a hair above their all-time low of 25 cents late last month when reports of an investigation of its transactions with AOL surfaced. AOL has been targeted in a federal probe for the second time in as many weeks, disclosing on Wednesday that the U.S. Department of Justice has started an inquiry into accounting practices at its America Online division. Shares of AOL Time Warner rose 38 cents to $10.33 in early trading Tuesday on the New York Stock Exchange.<<