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

To: OtherChap who wrote (23163)	10/27/1998 7:25:00 AM
From: Glenn D. Rudolph	Respond to of 164684

But a part of me says it can't be this easy, they wouldn't have risked everything by trying to pull a fast one like this.. Restating earnings is about the worst news that a company can ever have.. (Well, AOL did it and their stock is soaring..) OC, I believe you are reading more into this than is really here. Amazon is restating 1997 earnings but not as though the numbers used for 1997 were inaccurate. Amazon had no connection to Jungalee at that time. They are just putting into perspective what occurs when the operations are combined. Those will be the new numbers but there is nothing really negative that the street will react to from what I can tell. The numbers this year which will include Jungalee can be compared to last year. That is my take. Glenn