U.S. Equity Movers Final:
New York, Aug. 3 (Bloomberg) -- The following is a list of
companies whose shares moved in U.S. markets today. The stock
symbol is in parentheses after the company name.
America Online Inc. (AOL) fell 4 1/16, or percent, to
88 13/16. Microsoft Corp. (MSFT), the world's biggest software
maker, unveiled a test version of its upgraded MSN Web
Communities site designed to attract online gatherings of like-
minded users and compete against America Online, the No. 1 online
service provider.
Cheap Tickets Inc. (CTIX) fell 7 1/2, or 15 percent, to 44.
The seller of discount airline tickets said it filed a
registration statement with the Securities and Exchange
Commission to sell 5 million shares of common stock.
EarthLink Network Inc. (ELNK) fell 3 7/16, or 7.7 percent,
to 41 7/16. The No. 4 Internet-access service will be sued by
Microworkz.com Computer Corp., which said it will file a lawsuit
alleging EarthLink provided it with faulty software. Earthlink
said it filed a suit against closely held Microworkz.com,
alleging the personal-computer maker failed to make mandatory
payments.
EchoStar Communications (DISH) rose 7, or 11 percent, to
71 1/2. The No. 2 U.S. satellite-TV company was raised to ''buy''
from ''market perform'' by analyst J. Armand Musey at Banc of
America Securities.
1-800-Flowers.Com Inc. (FLWS) fell 2 13/16, or 13 percent,
to 18 3/16 in its first day of trading. The Internet retailer of
flowers, gifts and home and garden merchandise sold 6 million
shares in its initial public offering at $21 each yesterday.
General Motors (GM) rose 1 3/16, or 1.9 percent, to 63 1/16.
The world's largest automaker said U.S. auto sales surged 63
percent in July to 424,048 units from a strike-crippled 261,140 a
year ago. Industry No. 3 DaimlerChrysler AG (DCX) rose 1 5/16, or
1.8 percent, to 76 1/16 as it too saw sales rise, up 13 percent
from a year ago.
Global TeleSystems Group Inc. (GTSG) rose 1 9/32, or
3.9 percent, to 33 27/32. The international phone company
reported a second-quarter loss of 66 cents a share. The company
was expected to lose 69 cents, the average estimate of five
analysts polled by First Call Corp.
Intel Corp. (INTC) rose for a second day, gaining 1 5/8, or
2.3 percent, to 72 15/16 after the world's largest computer-chip
maker unveiled faster Pentium III and Celeron processors,
boosting optimism about demand.
IVillage Inc. (IVIL) fell 3 1/2, or 8.7 percent, to 36 5/8.
The company, which runs Internet sites for women, said its second-
quarter loss widened on increased marketing and acquisition
costs, although revenue tripled as more companies sought to
advertise on its Web sites.
IXC Communications Inc. (IIXC) fell 1, or 2.4 percent, to
41 3/8. The company, which provides phone services to small- and
medium-sized businesses and is being acquired by Cincinnati Bell
Inc. (CSN), said its second-quarter loss widened amid increased
expenses for the national fiber-optic phone and data network it's
building. IXC had a loss of $3.53 a share, compared with a pro-
forma loss from operations of $32.7 million, or $1.35 a share, in
the year-earlier period. The company's results for the recent
quarter include an expense of $25.8 million for the restructuring
of its switching business, and a $24.1 million for the write-down
of some investments.
Johnson & Johnson (JNJ) rose 2 1/4, or 2.4 percent, to
94 3/16. The world's biggest medical-products maker was raised to
''buy'' from ''market perform'' by analyst Michael Weinstein at
J.P. Morgan Securities Inc. Weinstein said momentum in the
company's three main businesses will continue, meaning consensus
sales and earnings forecasts for the rest of 1999 and 2000 may be
conservative. Weinstein expects the stock will rise to 110 in the
next 12 months.
4Kids Entertainment Inc. (KIDE) rose 5 9/16, or 13 percent,
to 46 15/16 on speculation the licensee of the Pokemon children's
cartoon and video game company could be acquired by a larger
toymaker. Its line of cartoon characters with names such as
Jigglypuff and Pikachu could become the latest craze among
American kids, analysts said.
Nextlink Communications Inc. (NXLK) fell 16 9/16, or
16 percent, to 87 7/8 on concern about higher interest rates
hurting the provider of telephone service to small- and midsized
businesses. Nextlink has a lot of debt on its books and it still
needs to raise close to $3 billion over the next 5 years, said
John Hodulik, an analyst at PaineWebber Inc., who rates the
company a ''buy.''
Novellus Systems Inc. (NVLS) rose 1 3/4, or 2.7 percent, to
66. The maker of equipment used to build layers of circuitry in
semiconductors was rated ''attractive'' in new coverage by
analyst Robert Maire at Bear, Sterns & Co. Maire expects the
shares to by worth $75 each in 12 months.
Qualcomm Inc. (QCOM) fell 12 1/2, or 8.2 percent, to 140.
The developer of the world's second-most popular wireless phone
technology will see increased competition next year. Motorola
Inc. (MOT) said today it will make semiconductors for phones to
compete with Qualcomm. .
Summit Technology Inc. (BEAM) fell 2 5/8, or 11 percent, to
20 1/2. The maker of equipment for vision correction surgery
didn't ensure the tiny steel blades used in laser vision
correction systems were properly sterilized, the U.S. Food and
Drug Administration said.
Sun Microsystems Inc. (SUNW) rose for a second day, up
1 15/16, or 2.8 percent, to 71 3/8. The No. 4 maker of
workstation computers unveiled plans to introduce its own chip to
enhance Java software and improve video, images and sound on
computers. Sun's new computer chip will be called MAJC,
pronounced ''magic.''
Internet brokerages: Internet brokers could see their first
decline in trading volume in the third quarter because of
weakness in Internet stocks their customers favor, said Credit
Suisse First Boston analyst Bill Burnham. Daily average trades in
July were ''only slightly'' above June levels and were ''clearly
lower'' than April's record, Burnham said in a research report
today. Internet brokers' shares will suffer as a result, said
Burnham, who's compiled widely watched trading statistics on the
industry since early 1997.
Charles Schwab Corp. (SCH), the biggest Internet broker,
fell 4 11/16, or 11 percent, to 37 3/4. E*Trade Group Inc.
(EGRP), the No. 2 online broker, fell 4 5/16, or 15 percent, to
24 11/16. Ameritrade Holding Corp. (AMTD) fell 2 3/4, or
11 percent, to 21 1/4. DLJDirect Inc. (DIR), the Internet
brokerage of Donaldson, Lufkin & Jenrette Inc., fell 2 1/2, or
12 percent, to 18 5/8. Knight/Trimark Group Inc. (NITE), the
biggest Nasdaq market maker, fell 4 7/32, or 10 percent, to
37 1/32. TD Waterhouse Group (TWE) fell 1, or 5.8 percent, to
16 1/8. |
