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

To: Rob S. who wrote (11556)	7/23/1998 3:21:00 PM
From: put2rich	Read Replies (1) \| Respond to of 164684

<<The best thing Amazon can wish for at this point is that the stock gradually moves downward to a sustainable level.>> Rob, What is the sustainable level you have in mind if you don't mind to share here? In the CC did they mention about secondary offering? Have we seen any more insiders file for sell? I think a gradual sellings by insiders will soft land this pig. Thanks

To: Rob S. who wrote (11556)	7/23/1998 4:48:00 PM
From: BayPig	Read Replies (2) \| Respond to of 164684

Rob: You are correct in that AMZN's stock price is actually hurting them. In this tight labor market, AMZN has been able to attract people based largely on its ability to offer generous stock options. However, with the stock price so high, prospective employees will not forgo a salary for stock options because any options granted at the current price will probably be worthless by the time they are vested. Therefore, AMZN will be forced into paying more salary as they grow their business, postponing profitability even further. BayPig