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

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: H James Morris who wrote (17746)	9/21/1998 10:43:00 PM
From: Bill Harmond	Read Replies (5) of 164684

>>Bezos is hedged You're going to have to provide proof of this if you want to keep saying it. During the Montgomery conference I spent some time with the top manager of one of the best-performing US aggressive-growth mutual funds (who has been up all year). He is very close to the Amazon story, and his fund has a large stake in the company. He told me that by his calculation Jeff Bezos hasn't sold one share of Amazon. So we have a senior professional manager saying that, and you maintaining that through some back-room unreported equity swap Jeff has legally exchanged his founding interest in Amazon for some S&P derivative. I think I'll take my chances with the money-manager and the public record on this one.

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