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

To: Henry Wolfond who wrote (7793)	6/26/1998 4:53:00 PM
From: J.S.	Read Replies (3) \| Respond to of 164684

Well, Henry, we don't want to forget all the stock options that are used to reduce expenses. They will increase the # of shares to at least 75M in a few years. My guess is that the fully diluted count is close 60M now. "Quality of earnings" is a big concern among many. Charlie Munger, of Warren Buffet fame, calls this practice "weak, corrupt, and contemptible". Note that Amazon.com's G&A was about 1.5 million last quarter. The folks there are working for stock options. Why do you think that their ads flood the financial pages and cnbc as well as the YHOO message board. I would venture to guess that very few of those posters could read most of Amazon.com's offering even if they were inclined to do so.