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

To: H James Morris who wrote (35229)	1/17/1999 2:48:00 PM
From: Glenn D. Rudolph	Respond to of 164684

>>- Another stock split (possible, though not likely)<< How about a secondary? Bezos couldn't pick a better time. He can say its to pay off his $400mil in junk bonds and you and Wall Street, should love it, because there're still lots of sceptics who question his ability to ever pay this junk off. Outside of a little dilution, sounds like a good plan. Don't you think? James, It is not only a good plan. It is necessary. Q2 of 99 will likely show no growth sequentially in sales and possible even a decrease. The secondary will not go over too well after that. I doubt there would be a lot of additiona buyers for more junk bonds. Cash burn empties AMZN's coffers by fall of 99. The cash on hand and liquid securities will look good at first glance this number release but the accounts payable and long term debt will be huge. Next quarter the accounts payable will be greatly reduced as will cash and liguid securities. Glenn