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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%3:59 PM EST
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To: getgo234 who wrote (24936)11/7/1998 4:12:00 PM
From: OtherChap  Read Replies (1) of 164684
 
>It is interesting that investors were willing to purchase zero coupon >bonds issued by a new company without any history of profitability.

The bond offering attracted no interest inside the US, so they did a rather unusual off-shore bond offering. Some have speculated that companies only do this in desperation, as these kinds of off-shore deals are usually a convenient place for people with large amounts of non-income-tax-paying cash to park some funds.

Now, as to the speculation of who those people are, take your pick. Drug lords tend to be at the top of that category of investor, as well as people who are trying to evade taxes for other purposes.

Someone even speculated the offering attracted these types of investors because it offers a convenient way to launder large sums of money.

But since it was a private offering, we'll never know.
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