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André Fernon
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  • SEC To Amazon: Kindle Gross Profits Please 0 comments
    Sep 20, 2012 5:29 AM | about stocks: AMZN

    Digging through correspondence between Amazon (AMZN) and the SEC always makes for interesting reading.

    Just over a year ago, on July 12, 2011, William Thompson of the SEC wrote to Amazon and said " Please tell us the significance of Kindle e-reader revenues and gross profit to your financial results".

    A month later, on August 10, 2010, Shelley Reynolds, copying Jeff Bezos, replied on behalf of Amazon stating that the "sales of the Kindle e-reader device were not material to net sales or gross profits in 2010."

    With a little luck, the SEC will be asking the same, diligent question again this year after the third quarter results are published.

    Disclosure: I am short AMZN.

    Stocks: AMZN
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