Amazon.com, Inc. (AMZN) | Stock Discussion Forums

Technology Stocks | Amazon.com, Inc. (AMZN)

4/27/2012 8:56:45 PM

From: Sr K

1 Recommendation of 161295

For an innovative way to deal with short sellers, look at this from Briefing.com about CALL:

8:05AM magicJack VocalTec announces loyalty rights offering benefitting shareholders; authorizes new $20 mln repurchase after completion of current $55 mln plan ( CALL) 24.63 : Co announced that it plans to distribute non-transferable subscription rights to present (Loyal) shareholders of record owning stock on May 7, 2012 to purchase ordinary shares at a subscription price to purchase one ordinary share for $2.00 for every four ordinary shares owned. The co's cash balance will increase over $10 million if all the rights are exercised in addition to the current positive income and cash flow being generated.

What are shorts going to deliver?

CALL has

Short % of Float (as of Apr 13, 2012) Note 3:

20.50%

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From: Sr K	4/28/2012 12:49:38 AM
	of 161295

excerpt Analysts say much of Amazon's growth comes from Amazon Prime, a $79-a-year program that gives subscribers unlimited two-day shipping. More warehouses would let Amazon reduce the cost of operating the program. Texas and Amazon argued over sales taxes last year when Ms. Combs told the company it owed the state $269 million in unpaid taxes because of the retailer's Dallas-area warehouse. Amazon closed the facility last year because of what it described as the state's "unfavorable regulatory environment." Ms. Combs said Amazon contacted her office about two weeks ago to seek a deal, and Mr. Misener met with her for 45 minutes in Austin. Amazon proposed building new facilities and creating 2,500 jobs in Texas over the next four years, she said, and the two sides agreed that Amazon would start collecting taxes in July. Amazon said the agreement announced Friday "resolves the issue of the disputed $269 [million] assessment." Ms. Combs declined to comment on whether Amazon will pay the unpaid taxes, citing state laws that prohibit her from commenting on individual tax cases. In previous cases involving unpaid taxes on online sales, state governments have forgiven the unpaid taxes in exchange for tax collection going forward. online.wsj.com

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From: Sr K	4/28/2012 1:01:28 AM
	of 161295

Amazon.com Inc. filed its Form 10-Q. including on p. 11 In September 2010, the State of Texas issued an assessment of $269 million for uncollected sales taxes for the period from December 2005 to December 2009, including interest and penalties through the date of the assessment. The State of Texas alleged that we should have collected sales taxes on applicable sales transactions during those years. While we continue to believe the assessment was without merit, in April 2012, we entered into a settlement with the State of Texas that included an agreement to collect sales taxes on applicable sales transactions for our US-focused internet retailers beginning July 1, 2012, resolution of Texas sales taxes up to that date, certain commitments related to capital investment and job creation in the state, and an immaterial payment to the state.

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