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

AMZN 248.74

+0.1%

1:12 PM EST

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To: llamaphlegm who wrote (11688)	7/24/1998 7:51:00 PM
From: llamaphlegm	Read Replies (2) of 164684

You mean that hit rates don't grow exponentially forever! Oh My. NEW YORK (CNNfn) - Persistent earnings worries and a big retreat among Internet stocks set the tone in the tech sector Friday. The Nasdaq composite finished a choppy session down 4.23 points at 1,930.99. For the week, the Nasdaq fell more than 3.8 percent. Search engine stocks lost ground after Infoseek (SEEK) warned that the number of people visiting its site has slipped. Infoseek stock fell 2-3/8 to close at 29. Yahoo! (YHOO) dropped 7-1/4 to 182-1/8. Lycos (LCOS) lost 6 to finish at 67-1/4. And Excite (XCIT) suffered after Lehman Brothers cut its rating on the stock to "neutral." Excite closed down 1-13/16 at 44-5/8. Other Internet stocks cooled off, too. Book and music retailer Amazon.com (AMZN) sank 3-3/8 to 124-1/4. America Online (AOL) extended its slide, falling 6-7/16 to 119-1/6. That stock hit a 52-week high of 140-1/2 back on Tuesday afternoon.

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