ADVISORY/ Pequot Capital Management Initiates Holdings in Amazon.com, Becoming Amazon's Second Largest Institutional Shareholder.

Business/Banking/Financial Editors

ADVISORY...

--(BUSINESS WIRE)

WHO:   Founded in 1986 by Chairman and CEO Art Samberg, the Westport,
       Connecticut headquartered Pequot Capital Management Inc.
       currently has over $10 billion in 18 investment funds.

WHAT:  According to its March 31, 2000 13F filings, Pequot Capital
       Management is now the second largest institutional shareholder
       of Amazon.com.  Based on its Dec. 31, 1999 filings, Pequot
       Capital did not own any Amazon.com stock during the previous
       quarter.

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