ISP Information:
This phrase was coined by the creators of the Network Computer (NC) to describe the benefits of using a system that is more mainframe and less client/server. Their logic states that NCs, although they may cost the same up front as cheap PCs, have a lower TCO than a network built on PCs.
ISP Glossary:
TCO - SEATTLE--(BUSINESS WIRE)--July 22, 2003--Amazon.com, Inc.(Nasdaq:AMZN) today announced financial results for its second quarterended June 30, 2003.Operating cash flow was $285 million for the trailing twelve months,compared with $48 million for the trailing twelve months ended June30, 2002. Free cash flow was $245 million for the trailing twelvemonths, compared with $16 million for the trailing twelve months endedJune 30, 2002.Common shares outstanding plus shares underlying stock-based employeeawards totaled 433 million at June 30, 2003, an increase of 1%compared with a year ago.Net sales were $1.1 billion in the second quarter, compared with $806million in the second quarter 2002, an increase of 37%. Net salesbenefited by $55 million from changes in foreign exchange ratescompared with the second quarter 2002.Operating income was $42 million, or 4% of net sales, compared with $1million in the second quarter 2002. Consolidated segment operatingincome improved $41 million to $67 million, or 6% of net sales,compared with $26 million in the second quarter 2002.Net loss was $43 million, or $(0.11) per share, in the second quarter,compared with $94 million, or $(0.25) per share, in the second quarter2002. Pro forma net income in the second quarter, which includesinterest expense, grew over $46 million to $42 million, or $0.10 pershare, compared with a pro forma net loss of $4 million, or $(0.01)per share, in the second quarter 2002.- http://finance.lycos.com/home/news/story.asp?story=34948027
|
