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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: OtherChap who wrote (20541)	10/7/1998 2:57:00 PM
From: Peter Bernhardt	Read Replies (2) of 164684

10/07 13:55 Amazon <AMZN.O> falls on new competitive alliances PALO ALTO, Calif., Oct 7 (Reuters) - Shares of the online book and music retailer Amazon.com Inc fell sharply Wednesday on new concerns its competition could be heating up. CDnow Inc <CDNW.O> and N2K Inc <NTKI.O>, two of the biggest players in the online music retailing space, said earlier in the day they were discussing a merger. On Tuesday, Bertelsmann AG <BTGGg.F>, the world's biggest book publisher, agreed to buy half of barnesandnoble.com, the online division of Barnes & Noble <BKS.N>., the largest U.S. bookseller. Amazon's shares were the biggest declining stock on NASDAQ Wednesday, falling 12 to 96-5/6 in early afternoon trade. But some analysts said they thought the stock was oversold. ****************************************** Gosh, I wonder who those analysts might be?

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