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

AMZN 233.23

+1.8%

12:59 PM EST

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To: M. Frank Greiffenstein who wrote (20371)	10/6/1998 5:43:00 PM
From: craig crawford	Read Replies (1) of 164684

There are many ways to spin this deal. Here are a few for starters. --Bertelsmann and Barnes & Noble teaming up is definitely bad for AMZN. --Bertelsmann getting 50% of BKS.com for $200 million implies a total value of $400 million for the company. Is AMZN really worth 15 times BKS.com? I don't think so. --BKS.com wasn't going to raise $200 million in cash from an IPO. More cash the better for killing AMZN. --Would Bertelsmann take such a large stake in BKS.com if it wasn't making serious inroads against AMZN? I don't think so. I'll let someone like William put a positive spin on this announcement. I'm sure he'll find one.

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