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

To: Michael Young who wrote (71673)	8/3/1999 10:32:00 PM
From: Jan Crawley	Respond to of 164684

Wrong. The convertible is designed to allow them to participate in much of the upside - over $200. You are saying that they were doing the shorting for hedging only and it's the death do they part. They are not interested in the current short profit; only looking for the upside above $156.

To: Michael Young who wrote (71673)	8/4/1999 2:55:00 AM
From: dbblg	Read Replies (1) \| Respond to of 164684

>>It is a loser for AMZN that they have no chance of forcing a conversion any time soon. They will now have to make semi annual interest payments of approximately $28 million. Pretty damn bad for a company that is bleeding money already. Hi Michael, How is the above true, given that the converts carry a cash make-whole clause that remains in force for the first three years? I have always assumed that AMZN wouldn't be interested in forcing conversion until after the first 3 years, but I haven't studied the deal closely.