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

To: John Donahoe who wrote (67855)	7/15/1999 5:45:00 PM
From: Tom D	Read Replies (4) \| Respond to of 164687

AMZN: partly an internet VC firm and partly the future king of eCommerce. JMHO, but I think 156 is not a ceiling. Many people regularly beat up Bezos on this thread. I think his stealth approach to issuing equity to raise money by way of convertible debt is awesome. Forget about secondary public offerings. Too much visible dilution with too much publicity. I like to think that the street will give Bezos some credit for using this strategy so effectively, and that 156 will not be a ceiling. It is only a ceiling if there is massive selling of the converted stock. Bezos is taking this money and buying quality internet companies (like Drugstore.com) at prepublic prices. Wait till a few of these companies go public at multibillion dollar market caps. He can show a 3x to 5x to 10x? return on the investments for AMZN shareholders AND have the synergistic business relationships. AMZN is partly the future king of eCommerce and partly an internet venture capital firm. As a long-term investment, I love it. Tom D