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To: Jack T. Pearson who wrote (31155)	12/25/1998 3:24:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

> There are other advantages. First and foremost, of course, is the advantage of being able to pocket 30 million dollars in cash (bezos) while your company has never earned a penny in profit. Like I mentioned before, he is almost certainly going to spend the rest of his natural life defending against shareholder lawsuits after the bottom falls out of his house of cards. I'd wager that even Bezos is getting very nervous with his stock at these levels- it just means it will fall that much harder.

To: Jack T. Pearson who wrote (31155)	12/25/1998 3:48:00 PM
From: Glenn D. Rudolph	Respond to of 164684

It is difficult to conduct this kind of discussion on-line because we have to sort out the business model including definitions and reliable sources of data before we can agree on the conclusions. I'm not interested in working through that at a detailed level. Jack, I understand your point. The only information that I am using as "reliable" is the 10Qs and 10Ks. There are other factors, of course. Another advantage on-line retailers have is inventory management. There are other advantages. I have been through this so many time I do not wish to address it again either:-) Glenn