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

AMZN 230.81

-0.7%

3:59 PM EST

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To: H James Morris who wrote (3995)	5/5/1998 5:55:00 PM
From: Gary Korn	Read Replies (1) of 164684

All the bear talk here notwithstanding, Reuters said the bond placement was viewed as a positive (by a source close to the deal, who would of course take that view): Most junk players were more interested in the successful junk bond debut of Internet bookseller Amazon.com Inc. <AMZN.O> via Morgan Stanley Dean Witter, sources said. The young company sold $325 million in senior discount notes (Caa2), upsizing the deal by $50 million in response to strong investor demand. "This is a vote of confidence that this company's strategy will work," said a source close to the deal. "Its results tell it all -- it's the fastest growing retailer in history." In another sign of strong demand, the notes were priced on the inside of price talk to yield 10 percent, sources noted.

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