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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (128045)7/10/2001 10:05:46 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
MARKET TALK: Lincoln Fincl Owns A Lot Less Amazon
07/05 2:35 PM (DJ)
Story 3629 (AMZN)

Edited by Thomas Granahan

Of DOW JONES NEWSWIRES

(Call Us: 201 938 -5299; All Times Eastern)

MARKET TALK can be found using code N/DJMT

2:34 (Dow Jones) What do the pros at Lincoln Capital Management know that retail investors don't? The firm has cut its stake in Amazon.com (AMZN) to 2.2%, or 7.7 million shares, according to an SEC filing made Thursday. That's down substantially from the 8.5% stake, or 30.5 million shares, Lincoln said it owned in a March 1 filing. At that time, Lincoln was the third biggest Amazon shareholder, after CEO Jeff Bezos and Legg Mason Funds. Amazon's shares have risen about 60% since March 1. They recently traded at $15.37, up 8.8% on Thursday's session, courtesy of a bullish 2Q forecast from a Bear Stearns analyst. (RS)