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

AMZN 228.44

+0.5%

Dec 22 3:59 PM EST

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To: Glenn D. Rudolph who wrote (135832)	12/16/2001 11:26:14 AM
From: H James Morris	Read Replies (1) of 164684

>>He's also sticking with his massive stake in online retailer Amazon.com. Between Miller's funds and those of his colleagues, Legg Mason is the largest holder of both Amazon's stock and its bonds. On Sept. 30, Legg Mason's funds owned 16% of the company, according to Lionshares.com, with half of its shares held in Miller's Value Trust fund. A public proponent of the stock, which is down 53% over the past 12 months, Miller says the company will grow sales by 12% next year and should be cash-flow positive. Miller expects the company to pay down debt or buy its own shares with its cash after that, pointing to a dearth of Amazon bond sellers as an illustration of the company's rising stability. thestreet.com

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