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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.68+2.6%3:59 PM EST
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To: Glenn D. Rudolph who wrote (8791)7/4/1998 11:11:00 AM
From: tonyt  Read Replies (1) of 164685
 
>Not without a major penalty. It would not be wise for AMZN to call those notes.

Depends. The penalty is more than offset by the reduction in the amount of stock now needed (@125) to pay off debt accruing interest at 10% a year (hell, AMZN's increase in 1 day could have paid off a years worth of interest expense!). They would have been better off if they had used the cash to invest in YHOO or NSCP :-)
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