I find this amusing. Kodak warns in June so anaylsts lower their estimates, then Kodak beats the estimates easily. So unless you know the history it looks like Kodak is doing great. Oh by the way we're also cutting 4000 jobs to control costs. Here's any even better one. Amazon had a smaller than expected loss, so the stock goes up. Correct me if I'm wrong, but a loss means you didn't make any profit right? How is that good news? Alas the world is full of sheep one following another making the same mistake as before. How many times must we be taught the same lesson?

Gary

Exactly! But actually, Gary, you're being way to sensible. Amazon actually reported a profit, if you let them get away "pro forma" earnings, which simply means that we're going to forget GAAP and our earnings are whatever we say they are. But even on a pro forma basis, they reported 10 cents, which equates to a p/e ratio of what? About 95 to 1? What a bargain!

Larry