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

To: Sonny Blue who wrote (40571)	2/17/1999 9:36:00 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Can anyone figure out this acquisition?? >>Alameda, California, Feb. 16 (Bloomberg) -- Geoworks Corp., a company that makes software for cell phones and other wireless products, said No. 1 online bookseller Amazon.com Inc. has agreed to buy a 7 percent stake in it for $5 million. Amazon.com will take over Geoworks' Seattle office lease and hire 19 out of 20 of its Seattle-based employees, Geoworks said. Amazon.com isn't licensing any technology, a Geoworks spokesman said. Alameda, California-based Geoworks shares more than doubled last November after it unveiled new software that allows cell- phone makers and users to customize display screens with graphics and icons, making it easier to send and receive e-mail and other data. Seattle-based Amazon.com has bought several companies during the past year as it seeks to expand beyond selling books over the Internet. Geoworks shares rose 11/32 to 3 3/8. Amazon.com fell 5 7/8 to 98 5/8. 17:27:45 02/16/1999 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. <<