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To: Joseph G. who wrote (2656)	6/30/1998 10:23:00 AM
From: IceShark	Read Replies (2) \| Respond to of 86076

J+, AMZN ..... Well I'm still trying to figure out that bugger and have just about concluded that it is a twin of AOL so I better stay away from it. Speaking of AOL, did you see the company spokeswoman's comments on the secondary float? What a hoot! "A company spokeswoman said the offering would create no dilution to earnings per share." Sure, if you don't make any money it is kind of hard to dilute EPS. I would have loved to see them state it was actually additive to per share earnings, since it would reduce the loss per share! -vgb- Or did she really mean that in their business the cost of equity, or expected return thereon I suppose, is cheaper than debt? How morons like this can get away with such statements without everyone falling over in hysterical laughter is a pretty good comment on the times. Regards, DWW