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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%Nov 28 12:59 PM EST
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To: Bill Harmond who wrote (57439)5/19/1999 8:46:00 PM
From: Tae Spam Kim  Read Replies (2) of 164684
 
This is getting kind of ridiculous. Amazon.com (AMZN) is trying to take advantage of the capital markets to raise up to $2 billion in cash through either junk bonds, equity, etc. With this money they can buy more companies, pursue other business developments, or even stay afloat with annual losses for a long time. If the company feels that some institution or investors would buy Amazon.com junk bonds or whatever, I guess they might as well go all the way for as much money as they can get.

Amazon.com filed to raise as much as $2 billion by selling debt, stock, or other securities. The Seattle-based online retailer of books and other goods listed no specific plans for the money being raised, aside from "general corporate purposes,'' in its S-3 registration statement filed with the Securities and Exchange Commission today. Amazon may decide the types and terms of the securities later. A shelf filing lets a company register securities in advance and sell them from time to time as needed. Amazon, which hasn't turned a profit yet, in January sold $1.25 billion of 10-year notes that yield 4.75 percent and can be converted into common stock at $156.05 per share. - News.com
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