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

To: Lizzie Tudor who wrote (66173)	7/3/1999 8:37:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

OT <Where is cafe Brioche, btw? > Cal Ave. in PA. 100 yds. from our friend. A neighborhood in serious decline <g>.

To: Lizzie Tudor who wrote (66173)	7/3/1999 8:43:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

What, they're not saying is, that Amzn and Onsale are children of Kleiner Perkins. The Patriarch, will decide, on what happens next. I've bet a $million on Onsl getting bought out, with Amzn shares. Good for Onsl, bad for Amzn's further dilution. 50k shares of Onsl shares bought on friday @ 19. It's like taking candy from a baby. Menlo Park, California, July 2 (Bloomberg) -- Shares of Onsale Inc., which sells computer equipment and other goods online, rose 36 percent on speculation it may be bought by Amazon.com Inc., the largest Internet retailer. Onsale jumped 6 5/8 to 25 1/4 on trading of 7.8 million, 10 times the three-month daily average. The shares rose as high as 26 1/4. Amazon.com shares rose 1 11/16 to 124 1/16. Acquiring Onsale could help boost Amazon.com's fledgling auction business by adding more products such as computers and sporting goods, analysts said. Last week shares of Beyond.com, an online software seller, rose 28 percent in similar speculation, as investors try to guess who Amazon.com will add to its roster next. ''This would give Amazon a real quick start in this business, plus it would give them a business that has an e- commerce operation that is technically superb,'' said Philip Leigh, an analyst with Raymond James Financial, which rates Onsale shares ''hold.'' Amazon.com declined to comment. Officials at Onsale couldn't immediately be reached for comment. Financial news network CNBC said Onsale shares rose on speculation Amazon.com may make a bid of $30 a share, without citing sources. That would value the transaction at about $587 million. Auctions of Excess Onsale auctions sell what it calls excess goods -- new merchandise that it bought at a discount, such as computers and sporting goods. This spring it started Onsale atCost, through which it sell merchandise at cost for a $10 per order fee. As other online merchants, such as Buy.com and Value America Inc., move toward similar strategies, partnering with a large company like Amazon.com makes more sense for Onsale. ''This whole area is going to get a lot more competitive, and in order for them to stay near the head of the pack they are going to need deeper pockets,'' said Leigh. Onsale's shares almost reached 100 late last year as reports of increasing holiday sales pushed Internet shares higher. The shares had fallen back to the 30s by April, when the retailer said increasing costs for marketing would hurt profits and they fell to the low 20s and eventually as low as 15 1/2. ''I think the sharp decline in the share price cut off the capital markets for them,'' Leigh said. Jul/02/1999 17:08 << Ps The poor speculators that paid $108, are done, toast.