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

To: Eric Wells who wrote (64669)	6/25/1999 4:22:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Nice post Eric. There is a fair chance IMO for a modest rebound starting next week in AMZN and the Internet stocks. It will probably be rocky with the fed decision being the focus of attention.

To: Eric Wells who wrote (64669)	6/25/1999 5:23:00 PM
From: ypz	Read Replies (1) \| Respond to of 164684

Your arguments have some merits, but just as Glenn noticed, he had similar views regarding Amazon LAST YEAR. What has changed? Yes, profitability is important. The sentiment on Wall Street has changed, and Amazon seemed to have realized that. It has invested in drugstore, pets, etc. It's also rumored that Amazon is going into toys, consumer electronics, etc. Its Auction business gradually takes up volumes, and it also will launch a site with Sotheby's soon. It's no longer a bookseller. Speaking of that, I used to live in a small upstate New York town where there is no B&N, Borders stores, only small independent booksellers. The nearest Borders is in another town 1 hour away. People would rather order online than to drive 1 hour and may find the store does not have the book in stock? Have you used Drugstore.com. I find it very convenient. The product information is all there. For my regular non-prescription medicine, beauty needs, I have gone to a CVS, Rite Aid etc after I checked out Drugstore.com's excellent service. I couldn't guess much of the tax implications. People in Seattle or Washington state already have to pay tax ordering from Amazon. Will Amazon have much fewer customers there than in other states? A lot of factors there, not just couple of extra $$$ saved. E-commerce is here to stay, just like Biotech. There are going to be only a few winners. Amazon is one of the promising winners. However, I don't know if Amazon is overvalued or not. I don't know what its fair price should be. Again, a lot of factors affect the share price--- No position in Amazon; Would have bought recently if I have money.

To: Eric Wells who wrote (64669)	6/25/1999 6:16:00 PM
From: Glenn D. Rudolph	Respond to of 164684

TYPE: 424B3 SEQUENCE: 1 DESCRIPTION: PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424B3 PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(B)(3) (TO PROSPECTUS DATED MAY 18, 1999) REGISTRATION NO. 333-74435 $1,250,000,000 AMAZON.COM, INC. 4 3/4% CONVERTIBLE SUBORDINATED NOTES DUE 2009 ------------------------ This prospectus supplement relates to the resale by the holders (the "Selling Securityholders") of 4 3/4% Convertible Subordinated Notes due 2009 (the "Notes") of Amazon.com, Inc. (the "Company") and the shares of common stock, $.01 par value (the "Common Stock"), of the Company issuable upon the conversion of the Notes. This prospectus supplement should be read in conjunction with the prospectus dated May 18, 1999, which is to be delivered with this prospectus supplement. All capitalized terms used but not defined in this prospectus supplement shall have the meanings given them in the prospectus. The information in the table appearing under the heading "Selling Holders" in the prospectus is superseded in part by the information appearing in the table below: PRINCIPAL AMOUNT OF NOTES BENEFICIALLY COMMON STOCK OWNED AND OWNED PRIOR TO COMMON STOCK NAME OFFERED HEREBY(1) THE OFFERING(1)(2) OFFERED HEREBY(2) ---- ------------------- ------------------ ----------------- Bear Stearns & Co., Inc. ................ 5,000,000 32,039 32,039 CIBC Wood Gundy International Arbitrage.............................. 4,500,000 28,835 28,835 D.E. Shaw Securities L.P. ............... 25,373,000 162,590 162,590 Nomura Securities International, Inc. ... 9,000,000 57,671 57,671 ValueLine Convertible Fund, Inc. ........ 500,000 3,203 3,203 Any other holder of notes or future transferee from any such holder(4)(5)........................... 30,620,000 196,356 196,356 --------------- (1) Includes common stock into which the notes are convertible. (2) Assumes a conversion price of $156.055 per share and a cash payment in lieu of any fractional interest. (4) Information concerning other selling holders of notes will be set forth in prospectus supplements from time to time, if required. (5) Assumes that any other holder of notes or any future transferee from any such holder does not beneficially own any common stock other than common stock into which the notes are convertible at the conversion price of $156.055 per share. INVESTING IN THE NOTES OR THE COMMON STOCK INTO WHICH THE NOTES ARE CONVERTIBLE INVOLVES A HIGH DEGREE OF RISK. SEE "RISK FACTORS" BEGINNING ON PAGE 3 OF THE PROSPECTUS. ------------------------ NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THE PROSPECTUS OR THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. ------------------------ The date of this prospectus supplement is June 25, 1999.

To: Eric Wells who wrote (64669)	6/26/1999 5:18:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

OT <Internet taxes - this is bound to happen at some point > Taxes are inevitable but now is the time for the public to form their opinions and force government toward responsibility, IMO. Here are a few of my views on taxing the internet: The nature of the Internet is to put a huge amount of information and the ability to create, build upon, rate is and scrutinize it into the hands of the individual. The public should have fewer reasons to rely on government in order to make informed decisions and protect themselves. The Internet should be a great equalizer and cause for decentralization of government - in a similar way that networking and the Internet are revolutionizing the way businesses operate. We need less, more efficient and direct government than currently exists. The Internet creates a commercial structure which "taxes" government expenditures and the environment less than conventional commerce. A large reason the US is in the midst of unprecedented, continuous expansion with very low rates of inflation is because of the increase in productivity caused by information and computing technologies. Regardless of politics, the Internet is re-shaping society. One of the biggest expenses of our society is associated with transportation. Automobiles and daily commuting in particular determine the need for roads, bridges, traffic enforcement, hospitals, pollution control, etc. at a tremendous cost. The government should tax the Internet to a much lesser extent than it taxes regular commerce. A large portion of that tax should be used in programs that promote telecommuting and programs that provide computers, training and Internet access for the under-privileged. Thirty percent of highway taxes should be diverted to programs that refund the taxes to companies that create telecommuting programs for their employees. Get the cars off the roads during rush hours - stop building more roads. Obviously this is just scratching the surface of what government "leaders" should be doing to benefit society through the efficient use of the Internet. Bureaucracies tend to perpetuate themselves and grow like cancers – so keeping their hands off the Internet will be difficult. I think the public should say “Show us how much Internet commerce costs to support and then tax only that much”.