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Markets & Stocks
CNNfn market movers
December 15, 1998: 12:06 p.m. ET

Internet stocks roll again, MovieFone is a blockbuster, Del Monte slips on bananas
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NEW YORK (CNNfn) - A smidgen of upbeat news for the Internet sector spurred a new round of buying of the pre-eminent stocks there Tuesday.
     Getting two thumbs up from investors was MovieFone (MOFN), soaring 3-1/4 to 15-1/15, or 27 percent, after the telephone-based movie listing and ticketing services provider announced it expects a 30 percent gain in usage in 1998.
     The company also partnered with three large theater chains that are expected to add another 1,000 screens -- a gain of 40 percent -- to the total number MovieFone services.
     Network Solutions (NSOL) exploded up 8-1/2 to 115-1/2 after the Internet domain-name registrar announced a marketing pact with top portal provider Yahoo! (YHOO). Shares of Yahoo! were up 3-7/8 to 195-1/8.
     Meanwhile, rival portal Infoseek (SEEK) shot up 5-3/4 to 46-15/16 after Merrill Lynch upgraded that stock in the wake of announcing the new "Go" network with partner Walt Disney (DIS). Shares of Dow issue Disney rose 1/2 to 31-1/8.
     And America Online (AOL) rallied 3 to 93-1/4 after announcing a joint venture to develop Spanish and Portuguese language online services for Latin American consumers.
     Elsewhere in the sector, Amazon.com (AMZN) rose 7-13/16 to 230-1/16, Net investor CMG Services (CMGI) gained 4-3/4 to 70-3/4, and search engine developer Inktomi (INKT) gained 4-3/8 to 129-3/4.
     Two recent initial public offerings in the Internet sector also were on the uptick, with theglobe.com (TGLO) tacking on 2-51/6 to 32-15/16 and Xoom.com (XMCM) gaining 1-7/8 to 23-5/8.
     One fruit vendor was slipping on bananas, while a rival weathered a market storm as they tallied the impact on their bottom lines of Hurricane Mitch in Central America last October.
     And Fresh Del Monte Produce (FDP) tumbled 2-3/16 to 17-15/16 after saying late Monday it will post weaker-than-expected fourth-quarter results because an expected rise in banana prices hasn't appeared.
     But Dole Foods (DOL) was unchanged at 29-3/8 after announcing it will report a fourth-quarter loss and take a $100 million charge due to the effects of Hurricane Mitch.
     For a look at the day's market action, and a glimpse at more hot stocks, such as Caterpillar (CAT), Owens Corning (OWC), Eastman Chemical (EWC), General Electric (GE), Sun Microsystems (SUNW), Oracle (ORCL), Cisco (CSCO), and WorldCom (WCOM), click here. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.