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

To: GST who wrote (142254)	5/9/2002 6:12:17 PM
From: H James Morris	Respond to of 164684

LOL! >>WASHINGTON — Amazon.com founder and Chief Executive Officer Jeff Bezos filed to sell 950,000 shares of the world's biggest Internet retailer under a program of selling the stock at regular intervals. Bezos planned to start selling the shares today through Goldman, Sachs & Co., according to a notice he filed with the Securities and Exchange Commission (SEC). The shares are worth $15.3 million based on Seattle-based Amazon.com's closing stock price yesterday of $16.11. The sale is the second by Bezos this year and is part of a plan he adopted in 2000 to sell company stock at fixed intervals to guard against accusations of illegal insider trading. Bezos adopted the plan after the SEC questioned the timing of his share sales in February 2000. Bezos, who founded the Internet retailer in 1994, is Amazon's largest shareholder. He owned 111.8 million of the company's 375.1 million shares outstanding in early April, according to Amazon.com's proxy material. Bezos sold 2.95 million Amazon.com shares in February.