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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: KeepItSimple who wrote (35306)	1/18/1999 6:23:00 PM
From: James Clarke	Read Replies (1) of 164684

I like it. Good thinking. You can already see a lot of evidence that the Wall Street firms are scared to death - higher margin requirements for specific stocks, market makers running away from these things. That's a very good point - nobody is going to take the legal risk of doing an offering at this valuation. It makes so much sense to do one, but a Morgan Stanley is not going to let its reputation be tarnished by something so unethical. And of course, a smaller firm which would love to do the deal has got to worry about losing it all in a lawsuit. Beautiful. Where do you think it trades post-bankruptcy? 300? 400? JJC

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