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To: Bill Harmond who wrote (38309)2/5/1999 6:26:00 PM
From: IceShark  Respond to of 164684
 
That's why book sales were profitable in Q4.

Frankly, I don't believe that is a true statement and would sure like to see it proved. Especially, how they are allocating all the non-direct costs. My guess is they are changing the plain meaning of common words, ala Clinton, as well as playing with allocation of costs similar to hospitals or utilities, if ever called to task.

I would love to be proved wrong on this, but doubt I will ever be presented the chance.



To: Bill Harmond who wrote (38309)2/5/1999 6:34:00 PM
From: H James Morris  Respond to of 164684
 
>>Not true!! That's why book sales were profitable in Q4. <<
Oh, it's back to the "Thing". I understand that if Bezos fired everyone and stopped paying his rent. He could have made a profit.
If that happened, he could retain his brand for a month or 2, but how could he keep his market cap?



To: Bill Harmond who wrote (38309)2/5/1999 6:49:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Not true!! That's why book sales were profitable in Q4.

William,

This was a statement made by Covey during the conference call. There were no numbers to back that. There was no breakdown of fulfillment costs for books compared to music and video. he same goe for marketing costs. I believe Covey's statement to be inaccurate but no one can prove it..

Glenn