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Big Movers in the Stock Market

February 27, 1998

NEW YORK (AP) _ Some of the stocks that are moving substantially or trading heavily today on the New York Stock Exchange, Nasdaq Stock Market, and American Stock Exchange.


Pulitzer Publishing, up 13 7/16 at 81 1/16

The St. Louis-based media company is considering selling its broadcast business. Pulitzer said it will continue to own and operate its newspaper properties, which include The St. Louis Post-Dispatch and the Arizona Daily Star in Tucson.

MGM Grand, down 1 5/16 at 35 7/8

The Las Vegas-based company expects its first-quarter results to be below Wall Street analysts’ estimates.

Advanced Micro Devices, down 1 1/8 at 32 3/8

The Sunnyvale, Calif.-based maker of integrated circuits said it signed a deal with International Business Machines Corp. which would ``somewhat augment″ production of its K6 computer chip.

SmithKline Beecham, up 1 1/4 at 62 3/16

Glaxo Wellcome, down 1 3/4 at 55 3/4

News reports speculated that Glaxo Wellcome might launch a hostile bid for the drugs company, having failed to strike a merger deal earlier this week.


VLSI Technology, down 4 11/16 at 137 15/16

The San Jose, Calif.-based company expects first-quarter revenues and earnings per share to be ``significantly″ below analysts’ expectations.

SmarTalk TeleServices, up 4 1/2 at 31 15/16

The Los Angeles-based manufacturer of prepaid phone cards reported fourth-quarter earnings that topped Wall Street analysts’ estimates.

Tower Air, down 13/16 at 5 13/16

The New York-based airline reported earnings that were below Wall Street analysts’ estimates.

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