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

To: HG who wrote (43048)	2/28/1999 12:14:00 PM
From: Cap_Loss_Cfwd	Read Replies (1) \| Respond to of 164684

On the subject of AMZN's CFO >> .Yes, but the risk she took as a founder member is the same Bill took when he first invested in AMZN. And that kind of risk demands more than normal returns.....IMO < [Age - 34+/-] From AMZN Registration Statement "JOY D. COVEY. Ms. Covey joined the Company in December 1996 as Chief Financial Officer and Vice President of Finance and Administration, and became Secretary and Treasurer in March 1997. From June 1995 to February 1996, Ms. Covey served as Vice President, Operations of the 37 Broadcast Division of Avid Technology, Inc. ("Avid"), a developer of digital media systems, and from January 1995 to June 1995, Ms. Covey served as Vice President of Business Development for Avid. From July 1991 to January 1995, Ms.Covey served as Chief Financial Officer of Digidesign, Inc., a developer of random access digital audio systems and software. Prior to that, she was an associate at Wasserstein Perella & Co., and a certified public accountant at Arthur Young & Company (now Ernst & Young LLP)." No doubt Ms. Covey is a talented person who was in the right place at the right time. However, it is a stretch to say that her risk in joining AMZN was worth $12 million per year. It appears that she had a 10 month employment gap prior to joining AMZN. From Avid Form 10-K "Class Action Lawsuits. In December of 1995, six purported shareholder classaction complaints were filed naming the Company and certain of its officersand directors as defendants. Principal allegations contained in the complaintsincluded claims that the defendants violated federal securities laws and statecommon law by allegedly making false and misleading statements that were nottrue when made and by allegedly failing to disclose material information thatwas required to be disclosed, purportedly causing the value of the Company's stock to be artificially inflated." I believe this case was dismissed in part and the balance was eventually settled. While I do not know of any connection Ms. Covey had with the matters causing the complaint, at least we know she is no stranger to "artificially inflated" stocks. I apologize if this is all old news to the readers of this board.

To: HG who wrote (43048)	2/28/1999 12:42:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Yes, but the risk she took as a founder member is the same Bill took when he first invested in AMZN. And that kind of risk demands more than normal returns.....IMO Most of the risk was taken by Kleiner Perkins. In the end, its all about risks and proportionate rewards..... More power to Joy ! Whatever! I give. Glenn