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

To: Victor Lazlo who wrote (102435)	4/30/2000 2:24:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>We're reminded of a comment made 15 years ago. A stock analyst said don't buy the highest-ranked Value Line stocks, because their next rating change can go in only one direction. At the extreme, that means you would have sold Microsoft on the offering day in 1986. A more level-headed approach suggests investors buy industry leaders and stay with them until they wane. Assuming a Microsoft breakup is achieved, it may simply mean the company will lead more than one phase of its industry. A related question came from an investor interested in buying Microsoft preferred stock. Those shares, issued in 1996, were offered to appease those who wanted the Redmond software giant to launch a cash dividend. The dividend was $27.50 a year per $1,000. If the common stock multiplied by a factor of five, the preferred would be switched into common. That multiplication actually occurred, eliminating the preferred in December. Microsoft always has maintained it prefers to use cash for growth, rather than as return to investors. A glance at the besieged company's balance sheet points out just how foolish a cash dividend would be: Microsoft is down to its last $21.2 billion. Btw Victor, How much $cash - debt does Amazon and Priceline have left?