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

To: Mark Fowler who wrote (58976)	5/28/1999 3:23:00 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

> i'm not expecting much of anything happening in the market until next week. Except of course the mega-crash that's going to happen today. :) hold onto your breakfast!

To: Mark Fowler who wrote (58976)	5/28/1999 5:39:00 AM
From: H James Morris	Respond to of 164684

Mark, here's a more conservative Internet index to follow. >> NEW YORK, May 26 (Reuters) - Salomon Smith Barney Holdings Inc.'s callable equity-linked notes, pegged to TheStreet.com's Internet Sector Index, made their Wall Street debut Wednesday, finishing the day 50 cents higher, the American Stock Exchange (AMEX) said in a statement. The $65 million in new equity-linked, seven-year notes, trading on AMEX under the ticker symbol <SSB.A>, rose to $10.50 at the close of the first trading day from the $10 issue price. The notes are tied to a basket of Internet stocks, offering conservative investors a less risky entry into the wildly volatile Internet securities market. TheStreet.com Index measures the average performance of 20 stocks within the Internet sector. Components include Amazon.com <AMZN.O>, America Online <AOL.N>, Excite Inc. <XCIT.O>, Infoseek Corp. <SEEK.O> and Yahoo <YHOO.O>. "It offers investors a more conservative way to play the Internet without risking major losses," said Andrew Ebersole, high-yield analyst at KDP Investment Advisors, Inc. The high-flying Internet sector, which has come under intense pressure recently, got a boost on Wednesday after a sharp sell-off this week. The American Stock Exchange Internet index <.IIX> gained 14.47 points to 293.94. If TheStreet.com Internet sector index increased at the note's maturity from its 550.3 start price, holders would be able to get the $10 principle plus or minus a supplemental redemption amount. Holders will not receive less than 90 percent of the initial principal amount of their notes at maturity. The issuer may redeem the notes during certain specified periods prior to maturity, beginning in 2002. Holders of notes that are redeemed would get a specified call price.<<