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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.12+0.4%Jan 16 9:30 AM EST
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To: Glenn D. Rudolph who wrote (21368)10/13/1998 9:42:00 AM
From: llamaphlegm  Read Replies (1) of 164684
 
This is from YHOO board (so kindly to be taken with pillar of salt). Any independent (sane) confirmation of this???

Thanks,

LP

CNBC just had a very negative comment on AMZN, no they were not talking about competition, but the junk bonds
that were issued last May. They initially were offered at $61, currently they are trading at $28. They said that that was
very negative, because that is an indication that there is a financial problem with the company. Also even though on the
books AMZN has $6.00 cash per share, they have just as much debt, which is also a negative indicator. You have to
watch out for these figures. Get this, they projected target price of $46. Yes $46.00.
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