class-action lawsuits, you'd be hard pressed to find a company who doesn't have one. Nike, Oracle, AT&T, you pick the company.
Q:On Monday, you said you would exceed bottom-line expectations. How do you think the slowing economy will affect meeting your targets over the year. People are spending less.
Bezos:When we gave guidance for the year [in January], we were appropriately conservative. Not overly conservative, but appropriately conservative.
Q:So, what you are saying is that you had already lowered expectations significantly in January?
Bezos:We had already seen significant slowing in the economy by that time. We just reiterated those expectations in a press release on Monday.
Q:Amazon has refused to participate in a New York Society of Security Analysts forum on corporate governance. The analysts there have been critical of what they call Amazon's inadequate financial disclosures. Why did you refuse to attend or send someone to attend?
Bezos:We get invited to a large number of investor and analyst conferences every year and, in fact, every month. We don't go to them all. In particular, we tend to go to ones that have hundreds of investors from major companies like Goldman Sachs and Morgan Stanley. It is really that simple.
