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


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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.

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This article appears in: Investing , Commodities
More Headlines for: AMZN , DISH , LVLT , T

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