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

To: SKIP PAUL who wrote (37200)	1/27/1999 3:36:00 PM
From: GST	Respond to of 164684

Skip -- the quality of analysis on the thread is improving -- thanks.

To: SKIP PAUL who wrote (37200)	1/27/1999 3:38:00 PM
From: Yojimbo	Read Replies (1) \| Respond to of 164684

I don't think so. Who would buy converts of a debt strapped company that is losing money, at conversion prices above current equity levels. not i, nor probably you. but (a) one doesn't know "current equity levels" until the roadshow, (b) their debt/mkt cap ratio (which, btw, is important in cvt analyses) is a pittance and (c) there are probably a lot of debt players that would stuff this in their portfolio w/the outside chance they can tweak their otherwise miserable returns. fact is, and no getting around this, they must do something especially since bozos needs to fund money-losing acquisitions and each customer purchase! y

To: SKIP PAUL who wrote (37200)	1/27/1999 3:40:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 164684

Who would buy converts of a debt strapped company that is losing money, at conversion prices above current equity levels. They wouldn't of course. They could set up a convertible that converts at a lower price though. Also they could still sell bonds, it is just that the rate will be going up for them. :) AMZN could also dump equity on the market. There are many companies in much, much worse shape then tulip.com than amazingly continue to get financing.