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


To: KeepItSimple who wrote (57659)5/21/1999 4:04:00 AM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
Amazon has a a policy that forbids employees from speaking to the media. Does anyone else think we are truly, finally, almost near the end of this tragicomedy? William, getting nervous yet?

---from motley fool's message board---

Here's a Seattle Times article about Amazon's sahreholders meeting that took place today. It's titled "Bezos touts Amazon's Net growth":

seattletimes.com

This is my favorite quote:

The stock performance has been good to one former Amazon.com employee, Heath Merriwether, who attended today's meeting. Merriwether worked in the warehouse in the company's earliest days, he said.

"I packed next to Jeff Bezos in the warehouse when all of the day's shipments fit in a minivan," Merriwether said.

But the 30-year-old left the company partly because of low wages - he made less than $9 an hour, plus stock options, he said.

"While you couldn't put food on your table for five years, in five years I'd be a millionaire," he said. "I chose to eat now."

He remains a believer in Amazon.com, however, noting that he cashed in some of his stock to put a down payment on a condominium. And he's a loyal customer.

As Merriwether spoke, an Amazon.com spokeswoman came over and scolded him for speaking to a reporter. He responded that he was no longer with the company. The company has a policy prohibiting employees from speaking to the media.




To: KeepItSimple who wrote (57659)5/21/1999 7:01:00 AM
From: gjhinc  Read Replies (1) | Respond to of 164684
 
>>Everyone thinks a big brokerage could _never_ actually manipulate a stock or commodity price..

<KIS>You're kidding of course? Right???

Wasn't it Andrew Carnegie who single-handedly turned the market around
when the first run on the banks started in '29? <Real historians, please jump in.> And, if memory servers... he was actually ASKED to "manipulate the market". AMZN? What, approx. $465M in trading yesterday... hell, the smallest broker in Boise could handle that... let alone Wall St.

(Hey. Think if the market does crash that Gates will step in?)