investment firm

Amazon: Legg Mason Sharply Reduces Stake

Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily in News on February 18, 2009 at 12:07 pm PT

Slowly but surely, Legg Mason has been easing out of its once gigantic stake in Amazon.com, formerly a favorite stock of Legg Mason portfolio manager Bill Miller. In a filing with the SEC yesterday, Legg disclosed that it now holds 9,592,126 Amazon shares, down from 24,280,422 shares in its previous filing in October.

Absolutely Fabless

John Paczkowski in News on October 7, 2008 at 7:11 am PT

If it’s true that “real men have fabs,” as Advanced Micro Devices Inc. Chairman W. J. “Jerry” Sanders III once said, then AMD is the semiconductor industry’s latest eunuch. This morning the chipmaker said it will spin off its manufacturing operations, splitting itself into two companies–one to design chips and one to make them.