Amazon.com, Inc. (AMZN) Message Board

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

AMZN 238.63

-1.8%

Feb 3 3:59 PM EST

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To: H James Morris who wrote (140565)	3/14/2002 3:00:15 PM
From: John Chen	Read Replies (1) of 164685

HJM,ot:"CGS vs. GLW". How does this 'mousetrap' work for ML? I'm thinking ML already owned that many shares of 'GLW' (at the lower prices). To lockin the 'profit', ML offers to pay 8%div on CGS. If GLW goes down, CGS owner gets the stock. (ML calls you) If GLW goes up, CGS/ML lost the potential. Does it mean ML is betting GLW not going anywhere before March,17,2003 (the first callable day). Does this kind of activity contribute to 'productivity of the capital market' or just ML/relatives?

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