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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST

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To: Glenn D. Rudolph who wrote (42957)2/27/1999 11:11:00 PM
From: Bill Harmond  Read Replies (2) of 164684
 
>>They would in turn sell the shares and drive the price down quickly.

Glenn, most of these bonds were bought by institutions as a safer way into owning Amazon. I doubt many would sell. The company already figures the possible dilution into the income statement. That's what "fully diluted" means.

I think you can count on these bonds being converted.
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