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

To: H James Morris who wrote (3133)	4/18/1998 1:25:00 AM
From: Gary Korn	Respond to of 164684

From the AMZN Annual Report filed today on Edgar: "We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions." [Hmmm.] "When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we'll take the cash flows." [Hmmm, revenues over earnings?] "Our goal remains to continue to solidify and extend our brand and customer base. This requires sustained investment in systems and infrastructure . . . ." [More expenses.] "We are planning to add music to our product offering, and over time we believe that other products may be prudent investments." [Tulips?] "The challenges and hurdles we will face [include] the need for large continuing invesments to meet an expanding market opportunity." [Again, more expenses.] "[O]nline bookselling, and online commerce in general, should prove to be a very large market, and it's likely that a number of companies will see significant benefit." [Including BKS, BGP and Bertelsmann]. Gary Korn