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

AMZN 231.03

-3.4%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (136142)	12/27/2001 11:59:45 AM
From: H James Morris	Read Replies (1) of 164684

>>Most e-tailers--including industry leaders Amazon.com Inc. and EBay Inc.--are still tallying their holiday results. But investors are expecting more positive news. They responded Wednesday by shopping for e-commerce stocks. Shares of Amazon rose $1.27 to $11.10 on Nasdaq, a 13% gain, for instance, and EBay shares jumped $2.53 to close at $66.34, up 4%, also on Nasdaq. With the exception of EBay, most major online retailers are still losing money. But amid a generally dismal shopping season, the early results suggest that shoppers are continuing to embrace the Internet, even in a gloomy economy.<< latimes.com

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