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

To: Mark Myword who wrote (4021)	5/5/1998 11:59:00 PM
From: Mark Myword	Read Replies (2) \| Respond to of 164684

FURTHER CLARIFICATION >>> 1.61 times the cash received, 327 million is the 530 million,<<< The way I read it , the notes are for 327 million in cash received now. Because no interest is paid in cash for five years , it's added onto the principal to accrue to an amount of ~530 million in five years. That is around a 10% rate of interest. ( 1.61 X 327 ) After that , (it appears from the limited info we have) the interest is paid in cash for five years , at which point AMZN , if still in existence and able to do so, pays off the bonds. That is how I read it , but it sure would be nice to get a look at the actual paper , instead of these press releases , "analyst" comments , and the like , which have confusing ways of describing things , at times.