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

AMZN 246.42

-0.4%

3:59 PM EST

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To: fedhead who wrote (18082)	9/23/1998 8:49:00 PM
From: OtherChap	Read Replies (2) of 164684

Lower interest rates are BAD for Amazon and Yahoo for the following simple reason. According to SEC filings, Yahoo made 96% of its "profit" last quarter from interest income including treasury bills and money market funds. If interest rates go down, then Yahoo's "profits" will decrease. The same goes for Amazon, which makes a substantial amount of interest income from their 400 million dollar IPO/junk bond cash. Am I the first person to notice this or what?

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