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

AMZN 232.50

+0.1%

Dec 26 3:59 PM EST

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To: Oeconomicus who wrote (3940)	5/5/1998 9:25:00 AM
From: Gary Korn	Read Replies (2) of 164684

Bob, The following story suggests a lower interest rate than was contemplated on the thread. How does this translate into a face amount? Today is the day of the offering: NEW YORK, May 5 (Reuters) - Internet companies are drawing investors like jungle mosquitoes, and Tuesday's expected junk bond offering from Amazon.com Inc. embodies both the risk and potential reward offered by the sector, sources said. Amazon is expected to sell $275 million (proceeds) in 10-year senior discount notes with a five-year zero coupon via Morgan Stanley Dean Witter, sources said. Price talk is 10 percent to 10-1/4 percent, sources said. The company is an online retailer of books and music. Last month it posted fourth-quarter revenues of more than $87 million, exceeding Wall Street expectations.

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