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

To: Glenn D. Rudolph who wrote (57675)	5/21/1999 8:26:00 AM
From: tonyt	Read Replies (1) \| Respond to of 164684

Indications - A look at pre-market trading Drug stocks rally in London Ciena, Priceline gain, AOL down By Tomi Kilgore, CBS MarketWatch Last Update: 7:58 AM ET May 21, 1999 NewsWatch NEW YORK (CBS.MW) -- Drug stocks were moving higher in London early Friday on renewed speculation of a merger between pharmaceutical giants Warner-Lambert and Schering-Plough. Meanwhile, America Online (AOL: news, msgs) was lower in thin trading, yet the e-tailers have begun posting gains with Priceline (PCLN: news, msgs) and Amazon.com (AMZN: news, msgs) seeing gains. Flavor of the day "It looks like drug stocks may be the flavor of the day," said Alvin Rodolfo, Director of European equities at S.G. Cowen. Warner-Lambert (WLA: news, msgs) rose 5/8 to 68 3/4 and Glaxo Wellcome (GLX: news, msgs) jumped 1 3/8 to 59 9/16. Schering-Plough (SGP: news, msgs), however, garnered no trades and was bid 1/8 lower than its 48 3/4 close. Merck (MRK: news, msgs) was up slightly to 73 in Instinet trading after the company announced early Friday it received FDA approval for a pain reliever. Merck ended up 1 3/4 to 72 1/4 on Thursday. Ciena gains Ciena (CIEN: news, msgs) rose 1/2 to 26 7/8, according to market maker Madoff Investment Securities. The company announced earnings after the New York close on Thursday of 1 cent per share for the second quarter, beating First Call estimates of a loss of 3 cents per share. See full story. GM rises General Motors (GM: news, msgs) was up 1/4 to 80 3/8. The stock gained on reports that Delphi Automotive (DPH: news, msgs) would replace Moore Corp (MCL: news, msgs) in the S&P 500 Index. GM retains an 82 percent stake in Delphi that it plans to divest to GM stockholders. See Movers. Internets mixed AOL lost 7/8 to 128 5/8. The stock came under pressure on a research report by Media Metrix that showed web portals lost visitors due to increased competition, Reuters reported. Yahoo! (YHOO: news, msgs) however gained 3/4 to 152 1/4. Amazon (AMZN: news, msgs) had not traded. Priceline was up 2 5/8 to 137 and Amazon edged up 3/16 to 131 in Instinet trading. PC makers were mixed. Dell (DELL: news, msgs) was up 1/4 to 38 1/2 and Compaq (CPQ: news, msgs) was up 3/16 to 25 11/16. IBM (IBM: news, msgs) was down 5/8 to 232 1/4. Tomi Kilgore is an online reporter for CBS MarketWatch.