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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: JOHN W. who wrote (62764)	6/16/1999 10:17:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

John, Obviously you've done very well. I have to agree that a few people were rude to you. But regardless there was a transfer of large $$ from their acct to yours. So that counts for something, right ? Sometimes we can't have both the affection of others and their $$. So you just have to content yourself with one or the other. Which one would you rather have ?

To: JOHN W. who wrote (62764)	6/16/1999 10:26:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>A short squeeze on EBAY could be extremely ugly. >> JohnW, I agree I was in a short squeeze a year ago with Amzn, I'll never let that happen again. I too BTC all my shorts and puts @ the getgo yesterday morning, mainly cause a rallys due, and to be honest I'm just to plain busy to watch the "Thing", and eBay. Ps Congrats, I love to see people make $money.:-)) Oh!! 5 years from now Amzn will have changed its name to Sotheby's >> NEW YORK (AP) - Internet superstore Amazon.com is investing about $45 million for a 1.7 percent stake in Sotheby's, and they will cooperate in developing an online auction service that will sell art and collectibles. The deal, announced today, brings together the old world and the new. Sotheby's was founded 255 years ago and is known for its expensive auctions of fine art and jewelry. Amazon.com started in 1995, and it is the leading online merchant of books, video and music. The centerpiece of the alliance will be a jointly run Web site that will be called sothebys.amazon.com. It will be aimed at the general antiques collector and will feature everything from coins and stamps to toys and animation art. All auction property will be offered by Sotheby's and a select network of dealers and other art world professionals. The authenticity and condition of all auctioned property will be guaranteed by the sellers. That differs from Amazon.com's three-month-old auction business, where anyone can be a seller and the company will only guarantee purchases up to $250. Amazon will continue to operate its own auction site in addition to the joint site. Sotheby's, meantime, will continue its plans for www.sothebys.com, a site set to launch this fall offering fine and decorative art, jewelry and books online. All of the sites will be accessible by visiting Amazon.com's or Sotheby's home pages. The deal better positions Amazon.com against rival eBay, which is the leading auction site on the Internet today. In April, eBay bought the San Francisco auction house, Butterfield & Butterfield Auctioneers, for $260 million. The company said the purchase of the privately held 134-year-old fine-arts auction house would help it expand into high art and items that range from $500 to $5,000. Under the deal announced today, Amazon is buying one million shares of Sotheby's Class A stock for about $35 million, in line with current market prices of about $35 a share. Amazon also has agreed to pay $10 million for a three-year warrant that would let it buy a further one million shares for $100 apiece. AP-NY-06-16-99 0928EDT<<