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

To: H James Morris who wrote (51108)	4/18/1999 6:19:00 AM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

HJmorris, this revenue's for you. :) I think it was "happy girl" who said that anyone who didn't think the current insanity regarding net stock prices was a GOOD THING must be bitter or jealous of missing out on the profits. (neither of which apply to me, but i dont see the point in trying to prove it to you) Well, in friday's market wrap, Bill Fleckenstein told it like it is. You're probably aware that he has a substantial amount of Go2Net stock, which has gone through the roof lately. However, it appears that Bill still has his integrity, and still has the blls to show how idiotic net stocks have become. Here's a lovely excerpt: ****************** First Call, second set of earnings... I neglected to mention the other day that First Call wants to report a separate number for the top 20 Internet stocks. It wants to add back to operating earnings the amount written off for amortization of goodwill. This is entirely too complicated - I mean, why bother with all this stuff? I propose that we just report revenues. The hell with expenses - keeping track of it requires loads of accountants who cost a fortune. All companies should just report revenues, and we wouldn't have to go through any of these shenanigans. That way, we could all simply determine on our own just how profitable these companies are (wink, wink).