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

To: Eric Wells who wrote (83799)	11/10/1999 11:07:00 AM
From: Bill Harmond	Respond to of 164684

RNWK

To: Eric Wells who wrote (83799)	11/10/1999 11:24:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

<in fact, Amazon insider sales total $700 million to date.> This is a hefty amount. However, I don't blame them. A bird in the hand, and all that. However, the fact remains that Bezos has sold very, very little of his stock on a relative basis. And what he did sell he put toward a perfectly understandable and acceptable purpose. He's not selling the rest because he believes the stock will be worth much more in the future. Just as Gates kept his stock during msft's early years.

To: Eric Wells who wrote (83799)	11/10/1999 11:32:00 AM
From: Glenn D. Rudolph	Respond to of 164684

So in evaluating the reward that Bezos has received to date for an as yet to be completed task, I don't believe it is appropriate to look at $25 million - I believe $7 billion or $1-2 billion are more appropriate numbers. Both are extremely high rewards for an uncompleted task in my opinion. Bezos hasn't proven his business can work - and there is still a high degree of uncertainty regarding whether the Amazon business model can be profitable enough to justify the company's current stock price. Eric, It is my opinion that $25 million is a lot of money for a non completed task. That is even leaving out the other billions. Glenn