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

AMZN 229.55

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Dec 5 9:30 AM EST

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To: Glenn D. Rudolph who wrote (66023)	7/2/1999 1:35:00 AM
From: Eric Wells	Read Replies (2) of 164684

Excerpts from an article on TheStreet.com this evening - China.com (in which AOL holds a 10% stake) is slated to go public in July. 1 billion more people on the internet (and a lot more revenue for AOL): China.com Poised to Go Public By Philip Segal Special to TheStreet.com 7/1/99 8:47 PM ET ...the company in question is China.com, an Internet "portal" company which also runs the creatively named Hongkong.com and Taiwan.com sites. When China.com goes public on the Nasdaq (probably in mid-July), it will be the first Internet issue ever that concentrates its business on Greater China. The offering is expected to raise $68 million. Maybe more... ..."It's hard to see what it has apart from a name -- China -- and what's a name worth?" asks Simon Cartledge, director at Big Brains, a Hong Kong consultancy specializing in information technology and telecoms issues in China. That may be a little harsh. In addition to a name, China.com has a high-profile U.S. underwriter in Lehman Brothers. It also has partnerships with America Online (AOL:NYSE), which owns 10% of the company, and Hong Kong property group New World Group, which has laid claim to another 20%.... -Eric

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