Amazon.com, Inc. (AMZN) Message Board

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

AMZN 217.21

-2.5%

3:59 PM EST

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To: OtherChap who wrote (16204)	9/5/1998 5:39:00 PM
From: Oeconomicus	Read Replies (1) of 164684

OC, we've been over the question of Baker&Taylor's stock before. They provided AMZN with "software and services" for which they were paid in stock. The transaction took place long ago, before the IPO. Look in the early filings like the prospectus and you will find the same number of shares that B&T recently sold reflected in the "Statement of changes in stockholders equity" as being issued to pay for software and services. I think they assigned a value to it at the time of issuance of $1.5 million or so. Good investment for B&T as it turns out. Bob PS: This is from memory as I researched it when B&T's sale was reported and don't feel like looking it up again, but it seems clear they were not paying for inventory with stock. PPS: With so many reasons for shorting AMZN, we don't need to throw out erroneous arguments that can only diminish the credibility of the factual arguments.

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