Comments on: Amazon. Earth's Biggest Bookstore Disappointment http://digitaldaily.allthingsd.com/20081023/amazon-earths-biggest-bookstore-disappointment/ by John Paczkowski Wed, 25 Nov 2009 05:19:57 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Sam Harrison http://digitaldaily.allthingsd.com/20081023/amazon-earths-biggest-bookstore-disappointment/comment-page-1/#comment-3145 Sam Harrison Thu, 23 Oct 2008 19:33:25 +0000 http://digitaldaily.allthingsd.com/?p=7249#comment-3145 i think amazon will continue to improve results since it offers discounts and convenience (and free shipping) it's the big box retailers that need to be worried i think amazon will continue to improve results since it offers discounts and convenience (and free shipping)

it’s the big box retailers that need to be worried

]]> By: Tom Marhoefer http://digitaldaily.allthingsd.com/20081023/amazon-earths-biggest-bookstore-disappointment/comment-page-1/#comment-3141 Tom Marhoefer Thu, 23 Oct 2008 18:18:18 +0000 http://digitaldaily.allthingsd.com/?p=7249#comment-3141 It appears to me, that Amazon is intentionally trying (once again) to miss-lead the investing public by publishing less than honest press releases. Is Amazon expecting a much bigger operating income "miss" than reported to the public??? Looks to me like they are. Check out their report $53 million “non-cash gain” from earlier in the year. Excluded from full year operating income guidance three month ago, now, it is included in full year operating income guidance, effectively cutting the expected “miss” by more than half. Sneaky? IMO, very much so. Now we do, now we don’t, now we do? WTF? >From last quarter’s 8-K: ITEM 7.01. REGULATION FD DISCLOSURE. In Amazon.com, Inc.’s press release announcing its second quarter 2008 financial results issued earlier today, the Company provided full year 2008 expectations for operating income of between $745 million and $920 million. **These amounts exclude** the impact of the $53 million non-cash gain recognized in the second quarter 2008 on the sale of the Company’s European DVD rental assets. http://www.sec.gov/Archives/edgar/data/1018724/000119312508156567/d8ka.htm >From this quarter’s press release: Full Year 2008 Expectations Operating income is expected to be between $716 million and $876 million, or to grow between 9% and 34% compared with 2007. **This guidance includes** …includes the impact of the $53 million non-cash gain recognized in the second quarter 2008 on the sale of the Company’s European DVD rental assets. http://biz.yahoo.com/bw/081022/20081022006312.html?.v=1 It appears to me, that Amazon is intentionally trying (once again) to miss-lead the investing public by publishing less than honest press releases.

Is Amazon expecting a much bigger operating income “miss” than reported to the public??? Looks to me like they are. Check out their report $53 million “non-cash gain” from earlier in the year.

Excluded from full year operating income guidance three month ago, now, it is included in full year operating income guidance, effectively cutting the expected “miss” by more than half. Sneaky? IMO, very much so.

Now we do, now we don’t, now we do? WTF?

>From last quarter’s 8-K:

ITEM 7.01. REGULATION FD DISCLOSURE.

In Amazon.com, Inc.’s press release announcing its second quarter 2008 financial results issued earlier today, the Company provided full year 2008 expectations for operating income of between $745 million and $920 million. **These amounts exclude** the impact of the $53 million non-cash gain recognized in the second quarter 2008 on the sale of the Company’s European DVD rental assets.

http://www.sec.gov/Archives/ed.....7/d8ka.htm

>From this quarter’s press release:

Full Year 2008 Expectations

Operating income is expected to be between $716 million and $876 million, or to grow between 9% and 34% compared with 2007. **This guidance includes** …includes the impact of the $53 million non-cash gain recognized in the second quarter 2008 on the sale of the Company’s European DVD rental assets.

http://biz.yahoo.com/bw/081022......html?.v=1

]]>