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

AMZN 234.37

+0.2%

3:59 PM EST

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To: John Chen who wrote (118559)	2/25/2001 3:45:28 PM
From: Glenn D. Rudolph	of 164684

Glenn,re:"what about ... distribution centers". I thought that was paid for from the 'Free money from the capital market', it only take AMZN to sell '1million shs' at $100 to take care of a lot of things. Didn't they take care of that at the right time? <ggg> They are all leased with 10 year leases. Amazon was able to settle up with their Landlord for the Georgia center they closed with an upfront $150 million payment. That is common when exiting a lease. A Landlord will agree to a lower casg upfront stllement if the number makes sense since the Landlord is then free to re-lease the building in question. Amazon stll has 9 center remaining in the US. Assuming the cost to close is the same which I believe those would be higher due to being larger, we would bee looking at another $1.3 billion to close the leases.

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