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

To: Bill Harmond who wrote (44315)	3/6/1999 9:54:00 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>>I hope you're not basing your investment decisions on semantics. You can deduct expenses from your income. Advertising and promotion are expense items. Looks like the tax laws treat Amazon favorably compared to capital-intensive chain retailing. << Look at the 10-K. Is shareholder equity from 98Q3 to 98Q4 increased or reduced ? These are not semantic losses. They are real, and there is no end in sight for the losses. At least according to company statements. How is it that supposedly without being encumbered by physical assets, amazon cannot (or chooses not to) sell anything at a profit? Claiming that their profits are being plowed back into infrastructure is incorrect. If there was a profit, it would still remain a profit no matter how much is spent on infrastructure. The dinosaurs of the cement age are making billions selling some of the same items that amazon claims to be such low margin. ------------------------------------- Probably the most favorable outcome for Amazon is that after exhausting their capital they will be purchased by a profitable retailer for their accumulated tax loss.