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

To: Victor Lazlo who wrote (106639)	7/28/2000 12:22:46 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

I am totally amazed regarding the lack of knowledge in the sector many analysts cover. This is from Robertson Stephenson's Internet Stock Team: "ASHFORD GETS CREDIT In what may be a first for an eConsumer company, Ashford.com literally got credit -- a three-year, $25-million line from Congress Financial Corp. This is significant because it allows Ashford to access cash, if necessary, without selling equity at the current depressed level." I would think they would be aware that Amazon had a line of credit in the amount of $75 million in 1997 and that Amazon used the first junk bond offering to pay off that line of credit. Amazon was in default regarding some of the restrictions on the line although not in default in payments.