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

To: Lizzie Tudor who wrote (48782)	4/2/1999 2:41:00 PM
From: H James Morris	Respond to of 164684

>>For example, E*Trade, the No. 3 Web brokerage, might seek to acquire a fund manager as a way of acquiring accounts that could then be converted to online trading, O'Leary said. For investors in companies that are acquired, expensive stock is a welcome windfall, as long as prices don't fall. Broadcast.com shareholders will get a premium of about 90 percent to its value two months ago, tax-free. ''You can use a stock as a camouflage for overpaying,'' said Martin Sikora, editor of Mergers & Acquisitions, a monthly journal for investment bankers. Using stock also preserves cash that companies need to fund operations and hire employees. ''Companies like EBay and Amazon are raising cash to build warchests,'' either to fund strategic minority investments in smaller companies or to cover losses as they integrate acquisitions, Drazka said. 13:27:27 04/01/1999