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

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: Rob S. who wrote (12563)	8/4/1998 5:53:00 PM
From: TraderDad	Read Replies (3) of 164684

The reports say that AMZN "will issue 800K sh for PlanetAll... and issue 1.6MM sh for Junglee". Are these new shares ? The seller of PlanetAll is CMGI, who had a $5MM initial investment in them. I don't know how much AMZN CMGI is already holding. The value to CMGI is about $88mm at $110 for AMZN. This will be a nice return even if AMZN price moved much lower. Just call me cynical but this looks to be a play-money-for-play-money deal orchestrated by CMGI and the other VC firms involved. IMO It's part of the cash out end game, and what AMZN gets from this deal is what it needs the most; more stock to sell to meet its' cash-burn jones. Rob, your TA mojo has been working great on AMZN. Strictly speaking, AMZN's peak price today did violate the declining trend line, but not on a closing basis. Any rise tomorrow would negate the decline for now.

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