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

To: OtherChap who wrote (20323)	10/6/1998 11:51:00 AM
From: Jay8088	Respond to of 164684

Thank you for the revealing insight. Much appreciated! Hanging around SI thread can be quite educational. Once again, thank you.

To: OtherChap who wrote (20323)	10/6/1998 12:20:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Oc, let make it even more simple. Amzn keeps a very close relationship with key analyst's. In this case we have Jamie Kerrigan of DLJ and Mary Meeker of Morgan Stanley. Mary is even more important because her company is Amzn's Investment banker. They love each other so much that Morgan probably offered Bezos a hedge on his high flying stock. As we all know here. Mary's company just got Amzn a much needed $325mil in junk and what a deal it was!. It shocked many savvy finance guru's that Amzn didn't have to give up convertible rights!. Almost unheard of in high risk junk bonds!. On top of that, Amzn doesn't have to make a payment for 5 years!. That type of preference is usually reserved for blue chips and utilities. Now Morgan did all that for a lousy little $25mil fee. Now because of their closeness, Mary calls Jan Covey and asks her what # can you you beat in the next qtr. Jan replies, I'll get back to tomorrow. The next day Jan calls Mary and says, I can beat -57c. Mary calls Jamie Kerrigan at DlJ and tells him she just got off the phone with Jan Covey and she's going to beat -57c. Latter in Oct, Jan Covey announces they lost less than 57c. Wall Street hears that Amzns bleeding is slowing down, sending the stock up 15 points because DLJ and Morgan Stanley have reiterated their buy ratings. Now don't you think that's pretty simple. Nothing illegal, they all stay friends. No one is upset, except William because he threw in the towel and us bears because the stock is going against us. God Bless America and President Clinton.