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

To: Glenn D. Rudolph who wrote (111721)	11/8/2000 5:08:00 PM
From: Alomex	Read Replies (2) \| Respond to of 164684

Amazon might have a really hard time raising capital. From the pets.com web site: The announcement came after a lengthy and exhaustive effort to both raise capital, dating back to early summer, or more recently, to sell the company outright. Merrill Lynch was engaged to assist the company in its efforts and assisted in contacting more than 50 domestic and international strategic and financial prospects on its behalf. The company worked to maximize business efficiencies and eliminate as many operating expenses as was prudent to conserve cash and to provide more time to examine all options. In the end, however, the result of these efforts was insufficient as no party was prepared to provide capital or acquire the company. In fact, out of the more than 50 prospects contacted, fewer than 8 [prospects out of 50] were even prepared to visit with the company. pets.com