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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%3:59 PM EST

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To: H James Morris who wrote (121563)3/25/2001 12:38:13 AM
From: Glenn D. Rudolph  Read Replies (2) of 164684
 
James,

You think our children are expensive:

"Then there's Marc H. Bell, the 33-year-old chief executive of Globix Corp. He says he sold a third of his holdings for about $129 million because his wife insisted he put away money for twins they were expecting. He did most of the selling in February 2000 within a week of the stock's peak price of $67.44.

The twins were born in April. Globix, a New York Internet company Mr. Bell founded a dozen years ago, closed Wednesday at $3.25, making the whole company worth only about $136 million.

"Who knew?" Mr. Bell says. "Everyone was talking about Nasdaq and a 20,000 Dow. I just had good timing."

"
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