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

To: Bill Harmond who wrote (17750)	9/21/1998 10:55:00 PM
From: OtherChap	Respond to of 164684

> You're going to have to provide proof of this if you want to keep >saying it. funny, that's what Barnes and Noble told Amazon when they sued them for using the phrase "Earth's largest bookstore". Guess what? It isn't their slogan anymore.

To: Bill Harmond who wrote (17750)	9/21/1998 11:29:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 164684

Even as a rumor, I find it far easier to believe that he has hedged his AMZN holding with S&P derivatives than to believe that he hasn't sold a share. If he is still holding onto all of his original AMZN shares he must be insane.

To: Bill Harmond who wrote (17750)	9/22/1998 1:37:00 AM
From: e. boolean	Read Replies (1) \| Respond to of 164684

>>During the Montgomery conference I spent some time with the top manager of one of the best-performing US aggressive-growth mutual funds (who has been up all year). He is very close to the Amazon story, and his fund has a large stake in the company. He told me that by his calculation Jeff Bezos hasn't sold one share of Amazon. What did he mean by "by his calculation"? e.b.

To: Bill Harmond who wrote (17750)	9/22/1998 9:07:00 AM
From: llamaphlegm	Respond to of 164684

William you posted: <<<<You're going to have to provide proof of this if you want to keep saying it. During the Montgomery conference I spent some time with the top manager of one of the best-performing US aggressive-growth mutual funds (who has been up all year). He is very close to the Amazon story, and his fund has a large stake in the company. He told me that by his calculation Jeff Bezos hasn't sold one share of Amazon. So we have a senior professional manager saying that, and you maintaining that through some back-room unreported equity swap Jeff has legally exchanged his founding interest in Amazon for some S&P derivative. I think I'll take my chances with the money-manager and the public record on this one. >>>> William, relax man. 1. there is no public record on this one -- just call your msdw broker and ask him if he's ever heard of folks doing 0 cost collars or total return swaps to lock in their profits. 2. one -- by what calculation would it be that your manager determined this???? he guessed, he asked bezos???? there's no calculation needed. 3. do you think that your fund manager - who you claim is heavily invested in amzn - has a vested interest in making this claim. 4. why must your manager remain anonymous -- there's no proprietary info that you'd be revealing -- when i last checked PMs always tout the stock that they're already in to drive up the price. 5. i'll see your anonymous fund manager and raise a prudent bear, of the david tice variety in barron's 2 weeks ago questioning whether bezos has the proper economic incentives -- aka he's no moron and he's hedged. LP

To: Bill Harmond who wrote (17750)	9/22/1998 9:28:00 AM
From: H James Morris	Respond to of 164684

William<. I think I'll take my chances with the money-manager and the public record on this one.> As you know I'm not the only one who thinks he's hedged as a matter of fact I think it would be very prudent to do so. Its done quite often and its perfectly legal. And to make it even better its only between him and his Investment Banker. What public record are you refering to? William, you should always take your chances with someone your more comfortable with. Every time!