Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hdl who wrote (146825)	9/4/2002 9:17:08 PM
From: Glenn D. Rudolph	Respond to of 164684

"please advise re documents, audio argument, cogent analysis re bondholders and other suit against amazon mentioned in current barron's. i have been busy and haven't seen links in this board. " I did not see mention of a suit.

To: hdl who wrote (146825)	9/5/2002 5:01:45 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

September 05, 2002. Moody's upgrades Amazon's senior implied credit rating SEATTLE — Amazon.com 's senior implied credit rating was raised one level by Moody's Investors Service, which said the world's largest Internet retailer will probably generate more cash this year than it spends. Moody's raised the senior implied rating, or the Seattle company's overall rating, to B2 from B3. Amazon.com's bond ratings were confirmed, and the outlook is stable, Moody's said. All ratings are junk. About $2.2 billion of debt is affected. Amazon's cash flow will be positive this year, excluding working capital and other costs, Moody's said. Moody's previously had forecast break-even to slightly negative cash flow. Amazon.com ended the second quarter with cash and marketable securities totaling $823.6 million. The company probably won't need to borrow money to finance operations for the next two years, Moody's said.

To: hdl who wrote (146825)	9/6/2002 10:15:45 AM
From: H James Morris	Respond to of 164684

Bezos has no stock options. >>Amazon.com Inc. Chief Executive Officer Jeff Bezos sold 950,000 shares in the world's biggest Internet retailer for $12.9 million last month, bringing his total sales of the shares this year to $64.7 million. The sale was part of Bezos' program to sell Amazon.com shares at regular intervals, said company spokesman Bill Curry. Bezos, who receives an annual salary of about $82,000 and doesn't get bonuses or stock options, sold the stock to diversify his investments, Curry said. Bezos still owns 29 percent of Amazon.com's stock. Bezos owned 109.9 million shares at the end of August. Bezos had sold less than 7 percent of his Amazon holdings since founding the company in 1994, Curry said.<< seattlepi.nwsource.com