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

AMZN 227.90

+0.4%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (23592)	10/29/1998 12:29:00 AM
From: Tim McCormick	of 164684

The other non-cash item is the accretion of interest on the $500M face amount of 0 coupon bonds. This is costing the co. almost $9M per quarter and grows each quarter. Neither WMT or AOL ever issued junk bonds. Also, the recently registered shares will probably be available for sale in the 10 day period after earnings are reported. This supply/demand factor may be more important than all other fundamentals in the short run. Tim

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