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

AMZN 229.10

-1.4%

3:59 PM EST

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To: H James Morris who wrote (144936)	8/7/2002 8:55:38 PM
From: Victor Lazlo	Read Replies (1) of 164684

<<Do you remember WCG : Williams communications grp? They were taking bribes from startups so the startup could send out a press release saying they just cut a deal with WCG so we can compete with Cisco now too. >> ah yes, and I recall how Corvis' market cap increased $1.9 billion dollars in one day just because they announced a $600 mill ( GROSS ) deal... Lunacy. Yet, Mark jumped in with all his feet in the high $20s on Corvis, just before the IPO lockup expired. A few days later he got steamrolled as CISCO Systems began selling 90 million of their shares of Corvis. Corvis stock has never been that high since. I can't educate every tom dick and harry re ipo's, but i sure never thought i'd have to warn and educate the famous Mark Fowler in the basics re ipo's. And i didn't have to. I was just trying to help. I am proud of my efforts at counseling Mark against this bad move, before he got steamrolled as CISCO Systems sold 90 million of their shares of Corvis right after he bought in the high 20s. When I look back and recall how gullible Mark and William were, it just seems like a bad nightmare that anyone could get that far off the track of simple logic and common sense, and instead be so stupid. I guess ubridled, outlandish greed has many bedfellows! poor mark. indeed, poor mark. He could have sold his Corvis shares today for 60 cents each.

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