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


To: H James Morris who wrote (40833)2/18/1999 7:20:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 

>>How much is the Lease? I bet no one here knows.<<
Glenn I thought I gave the article out of the Seattle Times. He stole his new headquarters,
and it caused bad press. Is that the lease your talking about?
Don't worry about his leases. If you must worry? Worry about his bottom line losses. If
I was a value Investor. They'd scare me to death.


James,

I was referring to the firm that AMZN just took a 7% stake or aomething like that in to obtain the employees I suppose. AMZN also took the libility of the lease of the office in which they worked. That was mentioned so briefly in the press release and the amount of the lease, term, etc. was not disclosed. These 19 people did not only cost $5 million. Then there is their saleries or stock options and the assumed lease.

The bottom line losses are totally amazing. I have never anything that large in afirm except for a well established firm with a lot of equity that is in a cyclical business like GM.

Glenn