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

To: Sarmad Y. Hermiz who wrote (64764)	6/26/1999 5:26:00 PM
From: GST	Respond to of 164684

Sarmad -- I would like to know what was the cause of the 55% drop in amzn price in Jan/Feb, and the subsequent 110% rise in March/April. Interest rates were standing still during the whole time.> If you recall -- I posted my first message the day AMZN hit 199. I began by focusing on valuations and movements in the yen -- with a particular focus on the funding needs for Japanese reflation. This marked the top for AMZN -- smart money looking at the valuation and sensing the risk of a coming rise in bond yields. There was a tremendous amount of back and forth with Japan -- AMZN tanked whenever there were rumblings that Japan was going to sell US treasuries instead of just printing money. AMZN bottomed when Japan said 'to hell with selling the US bonds, we will just issue bonds and buy them back from ourselves -- ie. print money'. I got out of AMZN at 84 and stood back. Japan did not sell more bonds. The new wave of selling was triggered by a reassessment of Japanese growth potential. Why would this matter? Because it would lead to a higher yen, and it would cause unwinding of what was left of the yen carry trade. The gold carry trade is less well understood and more of the 'blindside' element -- and it is what appears to be coming into the market now. We may be finished with most of the yen carry trade selling -- but only beginning the selling of US treasuries to cover the gold carry trade. The BOE announcement to sell gold is a farce -- they already loaned the gold and it was sold some time ago. "Selling" the gold now keeps the lid on the price and allows their clients to cover -- or so people thought. The markets are starting to see through this - and US opposition to IMF gold sales is starting to make the markets jittery -- stay tuned. Gold and AMZN are joined at the hip.

To: Sarmad Y. Hermiz who wrote (64764)	6/27/1999 1:06:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Sarmad, is this what you meant by it improving amzn's balance sheet?? >>June 25, 1999 16:37 AMAZON COM INC files prospectus for conv sub notes. Excerpted from 424B3 filed on 06/25 by AMAZON COM INC: AMAZON COM INC files prospectus for conv sub notes. DESCRIPTIONPROSPECTUS 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: TABLE CAPTION 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) S C C C 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 TABLE (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. (End of Item Excerpt) ------------------------------------------------------------------------ DISCLAIMER: The information provided through this news feed is excerpted from documents filed with the Securities and Exchange Commission (SEC) and should not be relied upon without review of the full documents filed with the SEC. In no event will Internet Financial Network, Inc., its officers, directors, employees, stockholders or agents, be liable to you or to any third party for any damages, costs or expenses arising or incurred in connection with any action taken or failure to act that is based upond the information contained in or omitted from this news feed or the documents filed with the SEC. ifn.com << -------------------------------------------