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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Oeconomicus who wrote (144911)	8/6/2002 9:15:26 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

"OTOH, never mind. It's not important. It has been generally known since the IPO that Amazon was burning through every penny it could raise" I am really happy you decided not to ask me to calculate that because I would have had to refuse you<G> "BTW, would you also outlaw insider sales in profitable companies if the stock subsequently falls? After all, those insiders must have known something or mislead someone." No! "PS: Should a pre-IPO shareholder who is not an insider, but rather got the shares in payment for goods or services, be prohibited from cashing out of his investment, too? There were a few of those in AMZN "insider" sales over the years." Shares should not be permitted to be used for payment of goods and services. That is what the cash raised during the IPO is for.

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