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

To: Glenn D. Rudolph who wrote (3376)	4/24/1998 8:30:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 164684

Time out. 1. AMZN has 25MM outstanding shares, and authority to issue another 75MM, more than enough for any split that might be contemplated, or employee options granted or dilution for cash that might be required. Instead: It is getting authorization for another 200MM shares. 2. AMZN has $125MM working capital (including its 75MM loan), enough to cover losses for the next several years. Instead: It is adding an extra $200MM over that (with its new $275MM note, on top of $50MM in existing cash), for a total of $325MM cash on hand. AMZN loses money, but nowhere near this amount. This sounds to me like a deal is in the works. A big deal. I'm short AMZN, but not sure I want to be when whatever is in the works gets announced. Maybe it buys an internet music company. Maybe it buys a book distributing company. Any thoughts anyone? Gary Korn

To: Glenn D. Rudolph who wrote (3376)	4/24/1998 9:44:00 PM
From: greenspirit	Read Replies (1) \| Respond to of 164684

Well Glenn, it certainly looks like the shorts are feeling some serious pain on this thread. Sorry guys and gals. Glenn, please bear in mind, I am not saying that Amazon isn't overvalued, or that it will not correct significantly from this level. But I do not believe, as some have suggested, that Amazon is going to shrivel up and die. That is a shorts pipe dream. As more and more people learn how to use the Internet, more and more people will discover the Amazon site and use it. The percentages of people who use the internet are ridiculously low as compared to what they will be in 1,5, or 10 years from now. Most certainly Amazon's sales will increase with it. Glenn your <<<I doubt the retailing book industry will change that much. However, if it did, Barnes and Noble along with Borders will change and crush AMZN.>>> The retailing book industry has already changed due to Amazon.com. People are using Amazon's site daily to buy thousands of books. Barnes and Nobles panic move into this sector is testament to that. Eventually, some large entity will buy up Amazon.com along with a bunch of other sites and offer a full service consumer way station for a variety of items. Michael