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

To: Bill Harmond who wrote (138477)	2/4/2002 12:43:22 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

I think retail is recovering and lots of businesses. I'm worried about a tech recovery though. Especially this comm equipment sector which was so incredibly overbuilt. I know, some say the glut is a myth but whatever it is, business isn't good in that sector. Hey have you looked at your mcclellan oscillator recently, I'm curious what the technicals say, seems like fundamentally we are teetering on a bull or bear period. L

To: Bill Harmond who wrote (138477)	2/4/2002 11:43:30 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Bill, Any thoughts on this? thestreet.com Amazon.com (AMZN:Nasdaq - news - commentary - research - analysis) was losing ground before the bell Monday after The Wall Street Journal reported that an annual report filed last week with the Securities and Exchange Commission revealed that the company has pledged $166.7 million of its marketable securities as collateral for certain financial obligations. In Instinet trading before the opening bell, Amazon was dropping 6.9% to $12.78 and was one of the top volume movers. The report doesn't say when the securities were pledged. The obligations consist mostly of property leases that aren't on Amazon's balance sheet. Investors bid down the stock because they feared that the report will raise questions about the company's liquid assets. Amazon's liquidity has been a source of debate for several months, but the company's latest quarterly report seemingly put those concerns to rest.