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

To: Sarmad Y. Hermiz who wrote (39907)	2/13/1999 8:37:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 164685

>I don't think the company was designed to be dishonest. I didn't say it was designed to be dishonest, I just said it was designed to make Bezos and his buddies wealthy through stock- not from business operations. However I think Glenn can give you his opinion of how "honest" Covey is with Amazon's books. Things like lumping all business operation expenses into "marketing" including salaries for every single employees, warehouse leasing costs, etc so that they can tell the public that they "would be profitable if it werent for advertising costs".. >By the way the bonds were bid at 82 last week. They started life at 105. As if Morgan Stanley and mary meeker could care less.. They've already made their huge commissions on the deal and it wouldnt matter to them if the bonds went to 0.