Investors seek cure for Net blues in biotechs

Article Abstract:

Past losses on Internet stocks have driven investors to the promise of biotechnology. Recent news of advances in the search for a cure for the AIDS virus has helped trigger a deluge of new investments into the sector. Some of the beneficiaries of the trend include Protein Design Labs, Human Genome Sciences, Organogenesis and Millennium Pharmaceuticals. As of Feb 17, 2000, the American Stock Exchange biotech index has already recorded a 232% gain for the past year.

Research and Development in the Physical, Engineering, and Life Sciences, Biochemistry

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Amazon shares still shaky despite backers

Article Abstract:

The defense offered by stock analysts on the sharp price decline of Amazon.com did little to uplift investor confidence in the online firm. Amazon's share prices plummeted by 19% on June 22 and later increased by less than 1% to $33.94. Stocks of online firms have also fallen despite the strong surge of technology stocks and the broader indexes. Analysts who supported Amazon said the firm expects substantial advertising deals and that its long-term prospects remain positive.

Videotex & Teletext Svcs NEC, Internet services, Online information services, Amazon.com Inc.

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Dot-coms could run out of cash

Article Abstract:

Many Internet retailers continue to spend cash so quickly that they may go out of business before they prove their financial viability to stock market investors. Corporate statements filed by five of 15 companies in the Electronic Retail subindex of publication USA Today's Internet 100 indicate that these startups could consume the cash they had on hand at the end of 2nd qtr 2000 in less than 12 months if they keep spending as they did during that period. The five include EToys and Travelocity.

Videotex & Teletext

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