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

AMZN 229.55

+0.2%

Dec 5 3:59 PM EST

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To: Oeconomicus who wrote (3593)	4/28/1998 6:38:00 PM
From: Gary Korn	Read Replies (1) of 164684

Seems to me that the cash portion would have to use up a big chunk of the new $275 million - otherwise, why borrow it? Bob, 1. They had to replace the original $75MM note because it prohibited acquisitions. 2. The $275MM is discounted. So down to about $160 in up-front money. Then take away repayment of the original $75MM, so down to about $85MM. Not much more than the original note. Not a lot of extra cash. 3. Thanks for your help in figuring out what gives with this company! Gary Korn

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