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

To: Mark Fowler who wrote (8714)	7/3/1998 10:05:00 PM
From: Satellite Mike	Read Replies (1) \| Respond to of 164684

Amazon and how many other retailers will be selling books, software, music on the net? I'll guess 1,000 by year's end, 10,000 by end of '98, 35,000 by end of '99, each group (software, books, music) having prominent "lowest cost" search screens. Mike

To: Mark Fowler who wrote (8714)	7/3/1998 10:16:00 PM
From: umbro	Respond to of 164684

> I thought the float was at 6mil? you said 15mil. This issue of float gets kicked around a lot. Marketguide says 6 mil. but I think they're wrong. Pull the proxy statement off Edgar, and you'll see that the insiders own about 65% of the shares. That leaves 35%, or about 17 mil. These approx. figures, and we don't know how liquid those 35% are. We also don't know when the insiders and VC's decide to step in and add their shares to the float. I think Marketguide says 6 mil. based on pre-split (pre June) shares.