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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.16+2.1%Jan 23 9:30 AM EST
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To: H James Morris who wrote (46085)3/17/1999 12:31:00 AM
From: larry oertel  Read Replies (1) of 164684
 
"increase the number of authorized shares of preferred stock to 150 million from 10 million."

The Internet retailer is asking shareholders to approve at a May meeting increasing the authorized number of shares to 1.5 billion from 300 million, the proxy said. The plan would also increase the number of authorized shares of preferred stock to 150 million from 10 million.

Amazon said boosting its cache of authorized shares would allow it to more easily pursue acquisitions, strategic alliances and certain types of financing.

Simply AMaZNing! The audacity, the Vision, the dilution!
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