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


To: Gary Walker who wrote (23931)10/30/1998 4:16:00 PM
From: L.J. Hoffman  Read Replies (4) | Respond to of 164684
 
Well...feel better now that AMZN has headed south. It's all over now except the hand wringing and recriminations.

My "source" inside the company says they will not let the stock rise above 127 until after the NEXT earnings report. Secret company directive is to allow stock to drop below $3...get de-listed, then announce a reverse 1-4 split.

There is also a plan exit from the low profit, book selling business so they can concentrate on their new venture into fax paper and toner sales.