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

To: Glenn D. Rudolph who wrote (34436)	1/12/1999 9:31:00 AM
From: Mandinga	Read Replies (1) \| Respond to of 164684

It's a weird world...It all boils down to ".com"

To: Glenn D. Rudolph who wrote (34436)	1/12/1999 9:21:00 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

Tuesday January 12, 8:55 pm Eastern Time Amazon.com announces share buy-back By Jason Hopps Seattle, Jan 12 (Reuters) - Amazon.com, the largest on-line book retailer, announced that its board of directors has authorized the buy-back of 200 million shares over the next two quarters. "Today's trading resulted in unacceptable results for our shareholders," commented CEO Jeff Bezos. "I am extremely pleased that the emergency meeting of our board late this afternoon produced this decisive action," Bezos added. Bezos said the shares would be bought using the proceeds from a secondary offering of 200 million shares, to be executed early next month. ''Our focus is on book sales, but it makes sense to look at other options, such as stock manipulation, given the fact that we have no idea where this company is going next, nor how we will pay our bills in the near future." "Look, we've raised everyone's expectations to unrealistic levels!", Bezos shouted, at this point becoming rather agitated. "Nobody thought it would careen out of control like this. We are trapped, and there are going to be a lot of pissed-off investors, OK?" Bezos then began to sob bitterly, banging his fist on his desk, which he claimed he made himself, from an old door and two sawhorses. For further information, visit the Company's website at www.amazon.com. This news release contains forms of forward-looking statements that are based on the company's beliefs as well as assumptions made by information currently available to the company. Such statements are subject to certain risks, uncertainties, and assumptions, which are identified in the company's Rule 15c-11 Information Statement. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results will vary materially from those anticipated, estimated or projected and the variations may be material.