Amazon.com, Inc. (AMZN) Message Board

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

AMZN 204.01

-1.4%

3:59 PM EST

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To: Bert Klimer who wrote (69912)	7/27/1999 1:12:00 AM
From: Eric Wells	Read Replies (3) of 164687

>>Does anyone think that since AMZN will own 29% of >>DSCM and that once DSCM opens on Wednesday we might >>get a spike in AMZN if the IPO flies? Amazon owns 29% of the 42 million shares of DSCM. 5 million shares are being offered on Wednesday at $15-$17 a share. We'll probably easily see $100 a share on the first day of trading - at that price, Amazon's stake would be worth $1.2 billion. I don't know if Amazon can sell all their shares immediately - but if they could, let's assume they are able to get $50 with the dilution - that would be worth $600 million. After tax, the sale would be worth approx. $350 million - which would just about wipe out Amazon's total cumulative losses to date - which will cut there estimated losses in half for the year. So, yes, I think we could see a spike. By the way - does anyone know if Drugstore.com is profitable? Thanks, -Eric

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