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[sharechat] Keep the balance sheets simple


From: "Peter" <pmaiden@today.com.au>
Date: Wed, 23 Jan 2002 19:49:16 +1300


Mike - as you say whatever amazon made or didn't the market loved it.

Started reading the report on the result but couldn't get past the 
forward looking statements. Loved the cautionary notes that went with 
them.

Did you read? All one sentence I think. And that's only a summary - 
for the full story go to the full SEC announcement. Thank heavens we 
don't see these sort of cautions down here. I think it basically says 
a lot of things could go wrong

The excerpt

These forward-looking statements are inherently difficult to predict. 
Actual results could differ materially for a variety of reasons, 
including, among others, the rate of growth of the economy in general 
and of the Internet and online commerce, customer spending patterns, 
the amount that Amazon.com invests in new business opportunities and 
the timing of those investments, the mix of products sold to 
customers, the mix of net sales derived from products as compared 
with services, risks of inventory management, the degree to which the 
Company enters into, maintains and develops service relationships 
with third-party sellers and other strategic transactions, 
fluctuations in the value of securities and non-cash payments 
Amazon.com receives in connection with such transactions, foreign 
currency exchange risks, seasonality, international growth and 
expansion, and risks of fulfillment throughput and productivity. 
Other risks and uncertainties include, among others, risk of future 
losses, significant amount of indebtedness, competition, potential 
fluctuations in operating results, management of potential growth, 
system interruption, consumer trends, fulfillment center 
optimization, inventory, limited operating history, government 
regulation and taxation, fraud and Amazon.com Payments, new business 
areas, business combinations, and strategic alliances. More 
information about factors that potentially could affect Amazon.com's 
financial results is included in Amazon.com's filings with the 
Securities and Exchange Commission, including its Annual Report on 
Form 10-K for the year ended December 31, 2000, including all 
subsequent filings. 

Cheers


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