August 17, 1999 05:48 PM Eastern Time
WASHINGTON, Aug 17 (Reuters) - Amazon.com Inc.'s AMZN vice
president for product development plans to sell 60,000
common shares in the world's largest Internet
bookseller, according to a Securities and Exchange Commission
John Risher filed Aug. 10 to sell the
shares worth an estimated $5.02 million.
who received $105,168 in salary last year and earned
a $50,000 bonus from Amazon.com, acquired the
60,000 shares after exercising a stock option.
In addition, Simon Murdoch, general manager of the
company's U.K. division, amazon.co.uk, filed to sell 17,080
shares he received after the division was acquired by
the Seattle-based company.
Murdoch filed on
Aug. 12 to sell shares worth an estimated $1.61
million. He has already sold 17,000 shares on Aug. 5 for
$1.64 million, his filing said.
A spokesman for
the company declined to comment on why the two
executives planned to sell the stock.
Amazon.com closed up 10-15/16 to 109-1/4 on Nasdaq.
((Jeremy Pelofsky, 202-898-8399)) REUTERS
these people think there is a future they would not
WOULD THEY ?
Just in case you missed it in the flood, the best
price index engine I've found for computers
Very few banner ads and lots of selection. I feel like
a salesperson but I just find this to be a really
useful site to visit.
i count four times too the X column went past the
i'm just wondering why the dorsey
site didn't say BUY til this week? thats all i've been
looking for from you.
(1) for you to acknowledge the
site said SELL last week.
(2) why so?
I count 4 buy signals off the low @82 last Tues.
and the DOT index has followed all my calls using the
P&F chart. I called for a run to 580 from 460.
can't argue with success. Try turning the chart upside
down and reading it. Maybe then you will see the buy
i know why the points you were suggesting were
BUY signals and why you said them last week, but the
headlines at Dorsey did not say BUY until this week. i was
trying to get you to admit that Dorsey was still saying
we were on a SELL signal last week. why the
Rumors are that 3rd and 4th QTR retail volume
will be low this year due to people hording cash and
assets in preparation for Y2K. There will not be as much
volume or dollar amounts due to fear of the unexpected.
This will certainly affect AMZN volume.
True. He's looking for a 97% increase in Q4
revenue vs. last year. $252.9 million actual for 1998 vs.
$498.8 million estimated for 1999. Thats almost a 2X
But he forgot to mention his bottom line loss
projections as well this morning.
While revenue is
expected to go up 97%, he's predicting the bottom line -
net income - to go down 380%!!!.
Losses for Q4
1998 were -$46.4 million actual vs. -$222.8 million
estimated for Q4 1999.
I hate to be the grinch,
longs, but you've been warned. There'll be no toys for
you, this Christmas.