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

To: SilverAG who wrote (23149)	10/26/1998 9:43:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Is this new news or was this already expected? Did analysts expect them to book the whole Junglee deal at a loss this quarter much like XCIT tried to do with the Netscape deal? Also, why have adjustments been made to the 1997 statements? Didn't the acquisition happen this year? Charles, This restatement is news. The amotization for the next three years I believe was figured in the analyst's current estimates for 1999 and 2000. The deal did occur in 1998. It was July or around then. The adjustments to the 1997 statements confuse me. I was trying to determine of that is common. I do not believe the Jungalee acquisition is being booked as a loss for just this quarter. Their creative accounting is beginning to confuse me. I am trying to place it in logical terms so I do not get as lost as many posters on TMF that believe Amazon's operations were cash positive last quarter. That is being real confused. A restatement will release the old numbers so I began a database here to see how it plays out. Glenn

To: SilverAG who wrote (23149)	10/26/1998 9:47:00 PM
From: OtherChap	Read Replies (1) \| Respond to of 164684

>Also, why have adjustments been made to the 1997 statements? It's called "cooking the books." Excite tried to do it, and the SEC slapped them down. :) >Didn't the acquisition happen this year? Yes, but reality has no bearing on this stock's financial reports, obviously. But the part about restating last year's results just days before their "earnings" announcement is just totally unbelievable. I guess they were scraping the bottom of the barrel, looking for absolutely anything they could use to justify the upcoming 3:1 split. I thought every listed company had to issue a standard news release when restating previous earnings? Or can they just bury it in this weeks results and hope nobody notices (or cares) ?