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

To: Sarmad Y. Hermiz who wrote (60119)	6/3/1999 9:05:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

The entire bond issue converts to 8 million shares. At this rate it must have all converted by now, and it is safely (??) in Amazon's treasury. Ready to spend on the warehouse automation and the inventory that goes with it. Sarmad, The money from the bonds was there from day one. The stock dilution was not. I see conversions in bulk only during the last three weeks. There are likely 4 million more shares to enter the float. Glenn