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

AMZN 230.65

+0.5%

12:36 PM EST

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To: H James Morris who wrote (133071)	10/18/2001 5:55:34 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Excerpts from The Watt Street Journal On-Line: "The consolidated complaint, at more than 200 pages, outlines the same allegations about Amazon, but adds some new ones. One charge is that Amazon allegedly sought to make its cash balances seem larger than they were by holding millions of dollars of accounts payable for "months longer than was commercially reasonable," then allegedly threatening to halt business with suppliers if they didn't agree to acquiesce to the payment delays." "The complaint, which originally named Amazon, Chief Executive Jeff Bezos, and Chief Financial Officer Warren Jenson as defendants, adds a number of figures peripheral to Amazon as defendants in the case, all of whom allegedly participated in the company's misconduct. Amazon's venture-capital backers Kleiner Perkins Caufield & Byers, Morgan Stanley analyst Mary Meeker and Credit Suisse First Boston analyst Jamie Kiggen were among the more than dozen new defendants in the case." interactive.wsj.com

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