Dr. B.,
Not according to this:
By Tomi Kilgore, CBS MarketWatch
Last Update: 7:22 AM ET Aug 2, 1999 NewsWatch
Pulse
NEW YORK (CBS.MW) -- Shares of Amazon were lower in pre-open trading Monday after a negative press report over the weekend.
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Updated:
8/2/99 5:57:48 AM ET
Amazon (AMZN: news, msgs) fell 2 1/16 to 98, according to market makers at Madoff Investment Securities. An article in Barron's pointed out concerns over the e-tailer's long-term growth prospects due in part to sliding revenues per customer.
Among other Internet stocks, America Online (AOL: news, msgs) lost 5/8 to 96 1/2.
Sun Microsystems (SUNW: news, msgs) added 5/8 to 68 1/2, said Madoff. The company is reportedly ready to unveil a new chip that is designed to handle multiple functions including graphics, voice and video at high speeds, according to the Wall Street Journal and other published reports.
Among other chip makers seeing activity in London, Intel (INTC: news, msgs) advanced 1/2 to 69 1/2, Texas Instruments (TXN: news, msgs) gained 1 to 145, and IBM shaved off 1/16 to 125 5/8.
Tom
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