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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (31652)	10/26/2000 3:13:57 PM
From: chic_hearne	Read Replies (3) \| Respond to of 436258

I'm dumbfounded that they were able to ramp this pig today. It makes me think tomorrow will be one of those days where the Naz gaps 100 points and rallies all day long to close up 250 points. Scary.

To: IceShark who wrote (31652)	10/26/2000 4:30:46 PM
From: UnBelievable	Respond to of 436258

Got More January 20's For $1.25 I guess they are cheap because the stock can only go to 0

To: IceShark who wrote (31652)	10/26/2000 5:18:51 PM
From: UnBelievable	Read Replies (2) \| Respond to of 436258

Yet Another Red Flag On Amazon.com 10/26/2000 Dow Jones News Services (Copyright © 2000 Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--Lehman Brothers' convertible-bond research team raised another red flag on Amazon.com Inc. (AMZN) Thursday, the second one this week. In a credit update on the Internet retailer, Lehman analysts said they "missed an important disclosure on the reported cash number, which clearly has an impact on cashflows." The overlooked information "sharply reduces our published positive feelings engendered by the operational quarter that we described in our previous note," Thursday's report said. In other words, the outlook for Amazon.com is worse than Lehman predicted. On Wednesday, the Lehman team had warned investors to "avoid the convertible bonds" of Amazon.com despite improvement in its third-quarter operating results. But the Lehman team said Thursday they overlooked what they call "the problem in the footnotes attached to the company's press release, which reclassifies the company's equity investments in Webvan (WBVN) and Sotheby's (BID) as cash and marketable securities, raising it by $96 million to $900 million." So Amazon.com's cash balance was actually only $730 million, according to the latest report. "This significantly increases our worries about the balance sheet," the report added. The brokerage "strongly" reiterated its opinion that investors avoid Amazon.com convertible bonds. (MORE) DOW JONES NEWS 10-26-00 02:17 PM =DJ Convertible Corner -2: Amazon.com Converts At 60 Bid Last June, the Lehman Brothers convertibles team - spearheaded by chief strategist Ravi Suria - rocked the convertible and equity markets with its first credit update on the Seattle-based Amazon.com this year. That Lehman report warned that Amazon.com was burning cash and might never be profitable. Amazon.com called the report "hogwash." The report sent Amazon.com's $1.25 billion 4.75% convertible bonds due 2009 to an all-time low - bid 57, offered 58, against a stock price of 32.625. The bonds were quoted unchanged Thursday at bid 60, offered 61, versus a stock price of 34.5. The company had issued its monster $1.25 billion offering of 4.75% convertible bonds in January 1999. The deal, which was more than doubled from its originally-planned size, was one of the largest Internet convertible deals ever launched. Morgan Stanley was lead underwriter. Collectively, Amazon.com has about $2 billion of convertible bonds outstanding. Thursday's newly updated Lehman report on Amazon.com was widely expected by Wall Street. Jennifer Ablan; Dow Jones Newswires; 201-938-2047;