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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.35+0.4%Jan 9 9:30 AM EST
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To: Dwight E. Karlsen who wrote (37701)1/30/1999 8:56:00 PM
From: Rob S.  Read Replies (1) of 164684
 
The market did not react the way I thought it would: I guessed that this would cause some short covering. Cooler heads prevailed - the message of this convertible is that the company will be saddled with massive debt that will soak up profits for years. The interest alone on this huge amount ($1.25 billion plus the existing $300 million) will amount to about $100 million per year. But if Amazon executes well, they may be able to build up the company to be worth at least $156 per share in 2009.
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