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

To: Glenn D. Rudolph who wrote (18529)	9/26/1998 1:37:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 164684

Bond implosion... Glenn, I bought a boatload of Jan 110 puts, so I want to talk my position <g>. Any thoughts on current assets? AMZN doesn't have any cash to speak of, but they list 357 million worth of securities as a current asset. I infer that they are bonds by the way they are described, short term bonds at that. Any idea whether AMZN uses a hedge fund to manage these instruments? Seems to me AMZN is stuck. If bond market soars, then yield goes down robbing AMZN of cash flow, although assets go up. If Bond market fails, then AMZN shareholder value goes way negative. I go look up what kinds of bonds AMZN has, unless somebody wants to save me the toruble <g>. DocStone