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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.05+2.9%3:59 PM EST

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To: Peter Bernhardt who wrote (37340)1/28/1999 10:07:00 AM
From: Rob S.   of 164684
 
Typically Amazon buries those details deep in their 10qs. Investors should be pissed that the company hasn't issued a real secondary - this junk bond float is a gift to the VC investment community. With interest and conversion capability, the company now has something like $2-4 billion worth of stock in option and interest it must pay out of profits.

what a nice way to pick the pockets of speculators!!!
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