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

AMZN 235.05

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11:08 AM EST

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To: Glenn D. Rudolph who wrote (26196)	11/16/1998 11:12:00 AM
From: H James Morris	Read Replies (1) of 164684

Glen, from todays WSJ. Another one joins the keiretsu. <NextCard Inc., San Francisco, an online credit-card company, plans to announce Monday that it has received $38 million in venture-capital financing from firms that include Kleiner Perkins Caufield & Byers and Sequoia Capital. The company was founded in June 1996 and began offering credit cards over the Internet last December. Personal-computer users fill out applications online and can find out quickly whether they qualify. Including the latest funding round, NextCard has raised about $60 million in four rounds of financing. It faces competition from the Internet offerings of traditional credit-card companies. For example, First USA, a subsidiary of Bank One Corp., has agreed to pay Microsoft Corp. $90 million over five years for advertising on Microsoft's MSN network.>

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