The NYSSA
Committee for Corporate Governance has established a Workshop for
Amazon.com analysts in conjunction with the Committee's program
initiated in July 2000, "Amazon.com Forum: Responsibility for Investment
Information." The Workshop's purpose is to address the increasingly
controversial issues raised by some of the analysts who cover Amazon, as
well by the broader investment community and the press:
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What are
the cash flows actually generated or used by operations?
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Is this
consistent with Amazon's published reports and other communications?
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If not,
how should the company present the information to avoid any confusion?
We have
invited participation by people with expertise which may be pertinent to
the Workshop's interests, including business analysis and cash flow
budgeting, accounting standards, and SEC disclosure rules.
The
objectives of the November 14th meeting of the Workshop are to
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determine Amazon's cash flows generated from operations during the
past year, and
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develop
a list of written information requests to be submitted to Amazon.com
for public response.
Amazon.com
has agreed to make its representatives available by telephone to respond
to questions requiring attention during the meeting.
This
Workshop is being conducted as part of the Amazon.com Forum sponsored by
the Committee for Corporate Governance and Shareholder Rights, chaired
by Peter F. Brennan, with the support of Gary Lutin, the investment
banker who has been the adviser and co-sponsor of this and previous
Forum Programs. |