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

To: Victor Lazlo who wrote (85808)	12/1/1999 1:07:00 AM
From: Randy Ellingson	Respond to of 164684

Any bears out there should get used to situations such as this where Amazon gets a great deal (90% off!) for sharing access to their customers: yahoo.cnet.com The two companies will announce tomorrow that Amazon is investing $10 million in cash for a 16.6 percent stake in Ashford.com, according to Ashford executives. In addition, Amazon will help the Houston-based company market its Rolex watches, Montblanc pens and Mondo di Marco ties to Amazon customers. The $10 million investment represents a considerable discount for Ashford's stock, coming to less than one-tenth the current market value of one-sixth of the company's shares. But the deal could be worth much more than its face value to the luxury goods site, because it allows Ashford to tap into Amazon's 13 million customers, the largest base in e-commerce. Randy