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

To: H James Morris who wrote (76532)	9/4/1999 10:36:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glenn, you should have told Jamie that he could have called you back collect.<g> Glenn I'm going to meet Jamie soon. Where would you like me to put his tee gift? James, Please place it where the sun does not shine. By the way, I have been taken out of the DLJ recearch circle as I have been moving everything to Merrill. Merrill's new $1500/year fee for unlimited trades is great and one has a full service broker or can trade online. Also, I receive daily Merrill wires about stocks in play so to speak as do their other clients. My full service broker can obtain the covering analyst's comments on a stock the same day. My only position at DLJ Direct is a some 600 shares of CSCO with covered calls written on them. The calls expire in October. DLJ Direct emailed me that my equity level there dropped low enough that their research is no longer available to me. What a heart break to say the least LOL. I wonder if Merrill will take me golfing although I don't golf;-) Glenn

To: H James Morris who wrote (76532)	9/4/1999 11:03:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I left this off: " 2 Amazon.com 4.75% 2009 We still think the Amazon.com 4.75% bond is attractively valued at 85-3/4 (roughly 6.8% ?cheap?), but it does not have the credit support available with the AOL exchangeable. This is the primary reason for the replacement. One year total return horizons are +15.8% and ?7.8%, based on a +/-25% price change for the common. Though this theoretical risk/reward is about the same as that for the Tribune/AOL, the Amazon.com bond has only a CCC+/Caa3 rating. (AMZN, 106-1/8, D-1-1-9)"