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

To: Slumdog who wrote (117026)	2/6/2001 2:46:41 PM
From: gladman	Respond to of 164684

PM coming your way. Clam-Clam doesn't like off topic discussion here.

To: Slumdog who wrote (117026)	2/6/2001 6:58:26 PM
From: H James Morris	Respond to of 164684

D, today I bought Amzn junk bonds. I'm serious! >CONVERTIBLE BONDS Amazon.com's 4.75 percent convertible bonds maturing in 2009 were recently trading at 44.5 cents on the dollar with a yield to maturity of 18.2 percent, Lehman said. They are convertible into Amazon.com shares at $78.03, meaning they are far "out of the money." Credit rating agency Moody's Investors Service rates Amazon.com's convertible bonds "Caa3." Another agency, Standard & Poor's, rates them "CCC-plus," roughly two notches higher. Both grades are considered low junk grades. A convertible bond is a hybrid security that usually offers current income, and can be converted into company stock. Its fortune is closely tied to the underlying stock price.