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

To: Glenn D. Rudolph who wrote (6089)	6/15/1998 10:15:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

Glenn, Foundation School is insignificant so far, but I do recall seeing in Barron's or some other source that a Bezos family member has sold a significant number of shares (the fact that this sale and another by Scott McNealy don't show in the Yahoo table makes me wonder how much more is missing from that list). That said, there is a very simple reason why we haven't seen Bezos sell - he doesn't need to. All he has to do, if he wants access to some of the value of his shares (or simply wants to lock in the current value on some or all of his shares) is "buy" a collar. "Buy" is in quotation marks because it can be done at zero cost, but the point is he can lock in gains and even borrow against the shares if he wants some cash. He can have his cake and eat it too. You won't see a sale until he wants you to see it. Until it won't effect the stock price, he can just keep rolling any expiring collars forward so no shares get called away from him. Worth considering. Bob