Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Glenn D. Rudolph who wrote (140087)	3/1/2002 9:08:35 PM
From: H James Morris	Read Replies (1) of 164684

Glenn, why are the insiders selling? Amzn closed at 15.39 today. Insiders at Amazon.com continue to dump stock. The latest to sell is Tom Alberg, an Amazon.com board member and Seattle venture capitalist who filed to sell 90,000 shares Feb. 11. At the closing price of $13.30 on that date, the 90,000 shares would have been worth $1.1 million. Alberg, who was the first angel investor in Amazon.com, has been selling chunks of stock in the past four months. Since Nov. 27, he has sold or proposed to sell 383,000 shares. Amazon.com founder and CEO Jeff Bezos sold 2.95 million shares earlier this month at a market value of $38.6 million, under a program of selling the stock at fixed intervals.

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