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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.47-2.3%9:52 AM EST

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To: llamaphlegm who wrote (10924)7/20/1998 8:49:00 PM
From: H James Morris  Read Replies (1) of 164684
 
<The following is a list of companies whose shares moved in U.S. markets. The stock symbol is in parentheses after the company name. Prices are at today's closing.

Internet stocks: Amazon.com (AMZN) rose 17 11/16, or 15 percent, to 137 1/2, as the Internet bookseller and other Internet companies soared after Broadcast.com Inc. (BCST), which transmits news, music and sports online, became the most successful initial public offering. The enthusiasm for money- losing Broadcast.com led some investors to buy other, more established Internet companies, analysts said, although they are trading at record prices after a month of spectacular gains. Cnet Inc. (CNWK) rose 16 1/8, or 30 percent, to 70 1/4; CMG Information Services Inc. (CMGI) rose 10 1/4, or 14 percent, to 82 3/4; Earthlink Network Inc. (ELNK) rose 6 7/16, or 8.1 percent, to 85 13/16; and Yahoo! Inc. (YHOO) rose 10 9/16, or 5.7 percent, to 196 5/16.

Actuate Software Corp. (ACTU) rose 1 11/16, or 9 percent, to 20 7/16 in its second day of trading after the maker of systems that allow companies to create interactive multimedia documents sold 3 million shares at 11 in an initial public offering.

America Online Inc. (AOL) rose 8 1/8, or 6.4 percent, to 136 1/8 after the No. 1 online service was maintained ''buy'' by analyst James Preissler at PaineWebber Inc. He sees the stock reaching 165 in 12 months, up from an earlier prediction of 125. He said the company's 1999 earnings per share could be significantly higher if it keeps marketing expenses unchanged. The company's also adding subscribers, and there are several new opportunities that could expand America Online's market. Preissler expects analysts to be raising their earnings targets after the company reports results for its fiscal fourth quarter ended last month.

The company said it added another 12 cities to its Digital City guides, bringing the number of its online guidebooks to 50, as it seeks more regional advertisers to boost its revenue.
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