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

AMZN 229.10

-1.4%

3:59 PM EST

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To: H James Morris who wrote (75527)	8/27/1999 1:18:00 PM
From: Bilow	Read Replies (2) of 164684

Hi H James Morris; Re Galli: You would think that someone being hired as chief operating officer and president would have more faith in the company than to require a safety net. Maybe the officers of this company know a little more about the fundamental value of the company stock than do most of the people buying it retail: Amazon grants new COO hefty stock package Online retailing giant Amazon.com is paying Joseph Galli, its new president and chief operating officer, a base salary of $200,000 per year with a stock options award of 1.96 million shares that is likely to be worth at least $20 million. ... Amazon awarded Galli a strong safety net in case the company's stock price tumbles and his stock options dive under water--or below the strike price value of about $113. news.com -- Carl

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