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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 237.58

-2.7%

Nov 13 3:59 PM EST

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To: Bill Harmond who wrote (80779)	10/15/1999 6:56:00 PM
From: H James Morris	Read Replies (1) of 164684

>>Bought MLNM @ 67 5/8 << Why! Other than they came in with losses under expectations. >> Cambridge, Massachusetts, Oct. 15 (Bloomberg) -- Millennium Pharmaceuticals Inc. shares fell 25 percent after the biotech company agreed to buy LeukoSite Inc., a money-losing competitor, for about $635 million in stock. Shares of Millennium, which hasn't brought a drug to market or tested one on people, fell 21 7/32 to close at 62 1/4. That's the largest one-day drop since Millennium went public in May 1996 and it shaved more than $750 million off the company's market value. << >>Loss from operations (6,998) (10,340) (10,629) (24,715)<<

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