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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 249.14+0.3%Nov 11 3:59 PM EST

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To: Glenn D. Rudolph who wrote (103643)5/19/2000 1:59:00 PM
From: Slumdog  Read Replies (1) of 164684
 
Glenn, re SONE, from CBS Marketwatch................

The complaint charges the Company, its Chief Executive Officer, Chief Financial Officer and Chairman of the Board with violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. During the Class Period, defendants sold thousands of S1 shares at artificially inflated prices, reaping over $45 million dollars in proceeds, while privy to the soon to be disclosed truth regarding the pressure on the Company's gross margins and the negative impact of certain acquisitions on the Company's financial results, including the recent purchases of Edify and FICS Group.
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