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


To: Jeff Mills who wrote (7490)6/25/1998 12:20:00 AM
From: S. maltophilia  Read Replies (1) | Respond to of 164684
 
Been done:
The 1998 Annual Meeting of Stockholders (the "Annual Meeting") of
Amazon.com, Inc. (the "Company") will be held at the Seattle Art Museum, 100
University Street, Seattle, Washington 98101, at 11:00 a.m. on Thursday, May 28,
1998, for the following purposes:

1. To elect five Directors to hold office until the next annual meeting
of stockholders or until their respective successors are elected and
qualified.

2. To act upon a proposal to amend the Company's Restated Certificate
of Incorporation to increase the authorized common stock of the
Company from 100,000,000 to 300,000,000 shares.


From DEF14A 4/17/98
sec.gov



To: Jeff Mills who wrote (7490)6/25/1998 12:48:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 164684
 
On AMZNs Mar 98 10-Q filed mid-May it clearly states AMZN has 100 MM shares authorized.

Jeff,

Don't hold me to this, because it is from memory, but I distinctly recall that AMZN has sought shareholder approval for an additional 200MM shares, for a total of 300MM authorized shares. That approval will be announced (or already was announced) at a shareholder meeting, whenever that occurred.

Having posted this message, I see that someone else has posted the definitive answer. 200MM additional shares (for a total of 300MM) were approved on May 28.

I had wondered at the time why AMZN, which already had 100MM authorized shares, but only 24MM oustanding, needed any additional shares at all, let alone 200MM more. Now that AMZN has almost 50MM shares outstanding and is back above pre-split territory, with another split presumably looming, the earlier plan for additional shares seems almost prescient (spelling). If one were into conspiracy theories . . .

Gary Korn



To: Jeff Mills who wrote (7490)6/25/1998 3:24:00 AM
From: Satellite Mike  Respond to of 164684
 
After awhile, one wonders if the big institutional
houses have any integrity at all. I know they keep
saying shorts have driven this thing up 10-Fold, but
if Morgan Stanley, Goldman Sachs, Merrill Lynch, Oppenheimer
etc. had any integrity at all (they are analyzing the
real facts, right?). These big house can make big
money on a scam like this if they keep their mouths
shut about the facts (keep acting positive on CNBC,
etc.), but let's give credit where credit is due.
Other companies have to fight like Hell for 5 to 10
per cent of this market cap. Not a single analyst from
any of these houses has put a strong sell on this company,
while many hats are being thrown into the ring.