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

To: Robert Rose who wrote (83861)	11/10/1999 12:37:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

>>Bezos could institute a scheduled selling program >>like Gates, and as you say, very few eyebrows would raise. I don't agree. When I stated in my last post that Bezos could sell $25 million here or there without raising eyebrows - I should have added "up to a point". I think if Bezos started selling regularly, even in amounts of $25 million, that once he got up to around $100 million or so, investors would start to express concern. I don't think it is appropriate to compare Bezos to Gates in this regard - Gates runs a very profitable and successful company. Gates was the head of Microsoft for at least 10 years before he sold any stock (maybe longer than 10 years). I don't believe that you can conclude that because Bezos is not selling now that he expects AMZN to be much higher some day - I'm sure he wants his company to be successful, but at the same time, risks in his business model may lead him to believe that the stock is currently too high. As I've stated, there may be other factors that keep him from not selling at the moment - perhaps the greatest factor being the negative signal that such a move might send to investors and employees. Do you not agree that this might be a factor that is keeping Bezos from selling? How could Bezos hope to be an effective leader while selling stock in the company he leads this early in the game? -Eric