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

To: Glenn D. Rudolph who wrote (31141)	12/25/1998 2:24:00 PM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 164684

I was speaking about Amazon's profits for this quarter. I expect interests that monitor retail and on-line sales will publish something before Amazon reports in late January. If it is positive for on-line sales, it will be good for Amazon. I am not sure how I will play that yet. I will probably take some profits this month and the rest next month after the split or before or after the quarterly report. I'll be watching the price behavior pretty closely.

To: Glenn D. Rudolph who wrote (31141)	12/25/1998 2:33:00 PM
From: getgo234	Read Replies (2) \| Respond to of 164684

Glenn: How do you handle the accounting for the sale of gift certificates in December but the certificates are not utilized to purchase merchandise until January ? I suspect this will be a very big item for AMZN in the 4th quarter. If revenue from the sale of gift certificates is recorded in the 4th quarter but the expenses (cost of goods sold) are not picked up until the 1st quarter I would think the financial results for the two quarters could be significantly distorted. (Gross profits would be very high in the 4th quarter relative to the first quarter of 99). Your comments please. Merry Christmas.