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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 (3420)	4/25/1998 6:09:00 PM
From: Gary Korn	Read Replies (2) of 164684

I have several questions: 1. How many on this thread would refinance an existing 8% mortgage in order to replace it with a new 11 1/2% mortgage? (The percentages are approximate.) 2. How many on this thread would increase their mortgage from $75K to $275K just so that they put off making interest payments for 5 years? 3. How many on this thread would take out a bigger mortgage at a higher interest rate (on the same property) just so that they could extend the balloon principal repayment for an additional 7 years? 4. How many on this thread would swap a $75K loan for a $275K loan (at a higher interest rate) that, after paying the up-front discount points (and after paying-off the old loan), would leave them with only $85K (i.e., only an additional $10K). AMZN just did all of the above. Does that not concern anyone? Gary Korn

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