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To: Mark Myword who wrote (5953)6/14/1998 9:26:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
It's so perverse, you know? Start a company , hype the stock , it soars to a ridiculous
price , then you turn and buy up some decent businesses! What a concept.


William,

This is a good point. There is a problem but I suppose not major. The problem is we never know what they pay for each company and if the company is decent. I am still waiting to see what were the revenues, profits/losses and equity of the three acquired companies last quarter. Not filing this information is very unusual. It feels like something is being hidden.

Glenn



To: Mark Myword who wrote (5953)6/14/1998 11:21:00 PM
From: F The  Respond to of 164684
 
William,

Not only they are acquiring decent businesses which are fooled by, but they are also paying minimum wages for those officers and engineers in exchange of stock options. They would trade anything with AMZN 1000% over-inflated currency. Their officers don't get pay much but the public compensate them really well by buying their stocks. If you see AMZN web page and they are looking for many so called "innovative engineers." How are they going to attract and compensate these people? By giving them stock options which are very appealing at the present time otherwise, AMZN would go broke faster if they have to pay top salary. They are not in the book or CD
retailing business but they are in the pyramid scam business. It is ok to lose money in the core business as long as the stock price goes up.