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

To: Peter Bernhardt who wrote (37340)	1/28/1999 10:07:00 AM
From: Rob S.	Respond to of 164684

Typically Amazon buries those details deep in their 10qs. Investors should be pissed that the company hasn't issued a real secondary - this junk bond float is a gift to the VC investment community. With interest and conversion capability, the company now has something like $2-4 billion worth of stock in option and interest it must pay out of profits. what a nice way to pick the pockets of speculators!!!

To: Peter Bernhardt who wrote (37340)	1/28/1999 10:11:00 AM
From: IceShark	Respond to of 164684

Peter, I suspect the conversion price will be set in some goofy hybrid manner, or set at a fixed price way out in 2009, where either AMZN will be a proven winner and worth at least as much as it is trading for now, or bust. The value of a 10 year leap on AMZN has to be worth quite a bit, so no need to set the conversion price too low. Regards, Ice