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 (3376)	4/24/1998 8:30:00 PM
From: Gary Korn	Read Replies (2) of 164684

Time out. 1. AMZN has 25MM outstanding shares, and authority to issue another 75MM, more than enough for any split that might be contemplated, or employee options granted or dilution for cash that might be required. Instead: It is getting authorization for another 200MM shares. 2. AMZN has $125MM working capital (including its 75MM loan), enough to cover losses for the next several years. Instead: It is adding an extra $200MM over that (with its new $275MM note, on top of $50MM in existing cash), for a total of $325MM cash on hand. AMZN loses money, but nowhere near this amount. This sounds to me like a deal is in the works. A big deal. I'm short AMZN, but not sure I want to be when whatever is in the works gets announced. Maybe it buys an internet music company. Maybe it buys a book distributing company. Any thoughts anyone? Gary Korn

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