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

To: Mark Myword who wrote (4983)	6/3/1998 10:23:00 PM
From: marion (Hijacked)	Read Replies (1) \| Respond to of 164684

From CNET: <<Online music retailer CDnow today said it is terminating its proposed secondary stock offering, one of the most tangible signs yet of waning confidence in high-flying Net stocks. Like most other Net companies, CDnow--a leader in the burgeoning online music business that went public only four months ago--is a money-loser. But that hasn't stopped a slew of Net companies from filing for secondary stock offerings, and many of them have been successful. One example: online travel company Preview Travel. CDnow's secondary offering, however, never made it out of the gate. "We felt that the recent decline in the market for Internet stocks made our pursuit of the offering undesirable," said CDnow chief executive Jason Olim. "In light of the company's current capital resources and liquidity, the completion of the offering at this time was not required." >> news.com

To: Mark Myword who wrote (4983)	6/3/1998 10:31:00 PM
From: Oeconomicus	Respond to of 164684

WBH, perhaps I'm just not as certain as you that AMZN will be a TOTAL failure. I'm sure it's not worth $2bn now, but with growing acceptance of shopping on the Web, there's some chance that they might be worth $500 million in five years. Lousy return for the shareholders, going from $2bn to zero, but the note holders could still get out whole. Point is, their's is a much safer bet than the shareholders'. Don't think I'd take the bet for just 10% p.a., but those who did are betting a small piece of other people's money. Bob