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

To: Eric Wells who wrote (75080)	8/22/1999 8:00:00 PM
From: Glenn D. Rudolph	Respond to of 164684

1. Andreessen has lost confidence in AOL's stock. 2. Andreessen is planning on leaving AOL and wanted to sell his shares before releasing the news of his departure. 3. Andreessen is just diversifying his assets in the midst of a volatile market. Since I'm inclined to believe that 940,000 represents 50% or more of Andreessen's holdings, I would be more likely to believe in explanations 1 or 2 above (rather than 3). But I'm making some assumptions on Andreessen's holdings in stating this. Eric, I believe you are correct that this sales represents half or more of Andreessen's holding in AOL. I believe it is closer to 75% but I can't say for sure either. If it is half or more, let's eliminate scenerio 3. This is not just diversification. I do not "want" to believe 1. That is not a good reason for not believing it. I would bet on 2. This single individual really is not the issue. Andreessen may wish to start his own company. I have no clue. I do believe that the sale by Case was rather large and that by Pittman too. This is bothersome except there have been enough splits that none of these people want this many shares. The possible concern of management of AOL may not be due to MSFT. It also may be due to T. AOL has so many possible scenerios that there is no way of knowing the future. I suppose the same may be applied to AMZN. My covered calls on AOl expired worthless on Friday (Saturday at noon). I may sell a fe hundred shares of AOL and replace them with AMZN or YHOO. You are making me nervous:-) Seriously, if I am going to be in this sector at all, two firms would be better than one. Glenn