>From Frank Veneroso's (rightwing bear) site...
"AOL capitalized marketing expense for five years and showed a profit. It then wrote off its capitalized marketing expense; the write off exceeded its cumulative reported prior five-year profit by fivefold."
Also, it turns out that, after figuring shipping costs in their cost of goods, scamazon had negative gross margins last quarter (they reported +13%, but the shipping scam was so outrageous that even the yapping chihuahuas at the SEC felt obliged to put out a note on the subject). Forget the crap about building brand, expanding market, etc - Bezos was quite literally paying folks to take his stuff all through Christmas.
Ho ho ho. Did Marx had anything to say about capital extracting *negative* surplus value?
Brad, thanks for the Paul Fredrick heads-up. An excellent dress shirt for $7.50. If anybody here has a taste for overpriced premium chips and snacks, as I do, try healthshop.com - use coupon code hshop50, get 50% off your order no shipping on your first order.( I have no connection to them, other than being willing to take their money.)
Any guesses as to how much longer the transfer of wealth from investors to consumers will last?
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique