Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (67054)	2/15/2001 4:36:10 PM
From: StockDung	Read Replies (1) of 122087

CEO Bezos selling Amazon shares to diversify WASHINGTON (Reuters) - Amazon.com Inc. Chief Executive Jeff Bezos has filed with the Securities and Exchange Commission to sell 425,000 common shares, valued at $12.5 million, of the Internet retailer's stock. He is selling "for liquidity and diversification, and it represents significantly less than 1 percent of his holdings," Amazon spokesman Bill Curry said. The shares are part of about 800,000 he acquired from the Seattle-based company in July 1994. He has already sold 375,000 of them on Feb. 2 for about $5.5 million, the filing said. Bezos held 32.8 percent, or more than 117 million Amazon shares as of the end of last year, according to a recent ownership statement he filed with the SEC. Amazon's stock fell 3/16 to $14-1/4 in afternoon trading on Nasdaq. The shares have been as high as $76-3/16 and as low as $13-6/16 in the past 52 weeks. A Prudential Securities analyst advised investors on Thursday to sell the stock, citing "anemic" growth. Amazon has come under scrutiny as it tries to turn a profit after losing money for all five years of its existence. Bezos has said his company will turn an operating profit by the end of the year. 15:33 02-15-01

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