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

AMZN 229.55

+0.2%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (129816)	8/9/2001 6:13:27 PM
From: H James Morris	Read Replies (1) of 164684

Glenn, lets set the record straight. Bezos only sold $3.7 million. That's not enough to get a 1/4 pounder and a large diet coke at McDonalds. >WASHINGTON, Aug 9 (Reuters) - Amazon.com Inc. Chief Executive Jeffrey Bezos has sold $3.7 million worth of the online retailer's stock, the company said on Thursday. The sale represents less than one percent of Bezos' holdings in the Internet firm and was part of his routine liquidity and diversification program, a company spokesman told Reuters. As of March 1, Bezos beneficially owned about 32 percent of the Internet retailer, according to the most recent proxy statement filed with the U.S. Securities and Exchange Commission. The New York Times reported in March that the SEC was investigating stock sales by Bezos, centering on stock sold in early February just before a Wall Street research firm released a negative report on the Seattle-based company. "Amazon.com is happy to provide the SEC with whatever information they need," the spokesman said. "The sales were cleared and in full compliance with our trading policies," he added. Shares of Amazon were trading up 36 cents, or more than 3 percent, at $10.74 on Nasdaq.

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