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

To: GST who wrote (74187)	8/17/1999 12:46:00 AM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

>>This options overhang will eventually come due. Yes - I believe if markets continue to go down, that there will be increasing pressure for employees of tech companies to exercise stock options. I think this is equally true for the net companies that have lost significant value as it is for the big techs, such as Microsoft (which is down nearly 20% from it's all time high in January). By the way - for those on this thread that are not aware of the insider sales at Amazon, I provide a sampling here - this is only a partial list, as I did not have time to go through the very long list on Yahoo's finance site. All I can say is that if I owned AMZN, I would certainly be wondering why so many Amazon VPs have chosen to sell significant amounts of shares lately - definitely not a indication of confidence (and I don't buy the argument, which others will most likely put forward, about diversifying portfolios). Partial list is below - here is the link: biz.yahoo.com Amazon insider sales: Jimmy Wright, VP 7/28/99 - filed to sell 75,000 shares Sheldon Kapnan, VP 5/28/99 - filed to sell 50,000 shares Kavitark Shriram, VP 5/26/99 - filed to sell 30,000 shares Joy Covey, VP, 5/11/99 - filed to sell 25,000 shares Joy Covey, VP, 5/4/99 - filed to sell 50,000 shares John David Risher, VP, 5/6/99 - filed to sell 100,000 shares -Eric Wells