Sector Update: Technology Shares Mixed Pre-Market; Amazon Launching New Kindle Model

By Staff,

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Top Technology Stocks:

MSFT: flat

AAPL: -0.22%

IBM: flat

CSCO: +0.12%

GOOG: -0.19%

Technology shares are mixed in pre-bell trading, while ( AMZN ) shares are up between $314.60 and $315.55 in early, light-volume pre-market trade. The company introduced its new $139 Kindle Fire HD.

Amazon said the new device has a 1280x800 216 ppi HD display, a dual-core 1.5 GHz processor, Fire OS 3.0, dual speakers with Dolby audio, and Amazon-exclusive features like Prime Instant Video downloads, Second Screen, Kindle FreeTime, and X-Ray.

In other technology news, AT&T ( T ) CEO Randall Stephenson said the company will likely not acquire Dish Network ( DISH ) amid a challenging regulatory environment, the Wall Street Journal reports, citing Stephenson's comments at an investor conference Tuesday.

DISH is flat in pre-bell trade at $46.05; T is flat at $34.09.

Finally, Level 3 Communications ( LVLT ) said Wednesday that its subsidiary, Level 3 Financing, Inc., has launched the marketing of the refinancing of its $1.2 billion senior secured Tranche B-II 2019 Term Loan.

The new $1.2 billion Tranche B-II 2020 Term Loan is expected to price on Sept. 27, 2013, and to close on Oct. 4, 2013. Shares closed at $26.48 with a 52-week range of $17.95 - $27.87.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AMZN , DISH , LVLT , T

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