Feeds

Bezos flogs slice of Amazon shares

Frees up cash for space colony

Intelligent flash storage arrays

While Amazon is spending $1bn buying back its own shares, company founder Jeff Bezos is selling some of his own.

Bezos sold $135m of shares recently, his first divestiture for four years, reports Barrons' Eric Savitz. Bezos still retains a stake worth $7.3bn, however. The disclosure was made in a recent SEC filing.

The buyback has been controversial, with shareholders suggesting the money might be better spent on acquisitions, or further reducing the retailers' debt. The company has liabilities of $3.7bn, and services an additional long term debt of $1.28bn.

Amazon reported a net income of $476m on sales of $14.8bn last year.

Blue Origin's Goddard

The sale leaves Bezos $135m richer to fulfill his Bond-style ambition of establishing a permanent space colony. So far, Bezos' Blue Origin project has got to within 240 feet of this lofty goal. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.