Amazon.com confesses its risks

jmage at panix.com jmage at panix.com
Thu Jan 6 08:16:22 PST 2000


Jordan Hayes wrote


>> ADDITIONAL FACTORS THAT MAY AFFECT FUTURE RESULTS
>
>To be fair, these "risk statements" are written by the lawyers
>so that no one sues them for losing money. Lawyers suck.
>Microsoft & Intel, two of the most profitable companies
>around, have similar huge disclaimers about risk: people could
>stop using computers, somone could come out with a real operating
>system, etc.

Hey, not fair. As a lawyer who made out as a partner in a leading plaintiffs securities firm in the 80s & who sucked right up to the historically variable limits of prudence, all we plaintiffs securities lawyers were doing was our 'umble little bit to make markets more efficient.

john mage



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