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

To: H James Morris who wrote (119810)	3/9/2001 8:25:29 AM
From: gladman	Read Replies (1) \| Respond to of 164684

Hey, they finally caught on to Mr. Bezos! Wasn't KIS speculating Jeff had a large offshore put position on AMZN? Where is KIS when we need him, the conspiracy is finally unfolding. >>SEC probes Amazon stock sale (AMZN) By Allen Wan The Securities and Exchange Commission (SEC) is investigating stocks sales by the chairman of Amazon.com (AMZN) Jeff Bezos in early February just before a Wall Street firm released a negative report on the e-tailer, the New York Times reported in its online edition Friday. In documents filed with regulators on Feb. 2 and Feb. 5, Bezos said he intended to sell 800,000 Amazon shares worth about $12.2 million. This came a week after Amazon executives got an advance copy of a research report by Lehman Bros. convertible bond analyst Ravi Suria that questioned the company's ability to continue operating through 2001 and said its deteriorating financial condition could subject it to a credit squeeze this year. Amazon spokesman Bill Curry denied that the sales had anything to do with the report. "There was nothing new in the report, and indeed the stock went up that day after the report was released because there was nothing new in it," he told the paper. He added that Feb. 2 was the opening of the trading window when Amazon executives could sell shares. The SEC declined to confirm it was investigating the share sale. Bezos' recent sales account for almost two-thirds of all the shares he has ever sold, the report said. Shares of Amazon closed down 4.59 percent, or 56 cents, to $11.69 on Thursday.<<