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

To: larry oertel who wrote (36179)	1/23/1999 2:27:00 AM
From: Skeeter Bug	Respond to of 164684

>>"It shows the stock price is up for no material reason," said Merrill's Mr. Fridson.<< imagine that... why didn't anybody else reach this conclusion? hmmmm... ;-) >>"From a bondholder's standpoint, they bought it, they hope it works out, but there's no real reason for them to have confidence Amazon.com will ultimately pay"<< i though amzn would own the world... >>In other words, assets and cash flow still count for junk bond investors."<< but not to stock investors that pay $17 billion for something that might not work out... ho ho ho ho ho ho ho!!!!

To: larry oertel who wrote (36179)	1/23/1999 3:00:00 AM
From: GST	Read Replies (2) \| Respond to of 164684

Larry -- Re: Junk bonds, junk stock -- brilliant observation. Gives new meaning to the phrase '$600 or bust'-- or maybe both at the same time. That would be a real shock to the 'believers', to actually see this thing go bankrupt -- what a hoot. In my scenario, they go bust an their creditors try to auction off the name to cover their losses. Would it still be worth anything -- with people knowing they went bust, maybe AMZN will be entered as a new term in the dictionary -- AMZN... see junk. Junk... see AMZN. By the way, I am thinking about buying books from them to help speed up the process.