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CNNfn market movers
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January 6, 1999: 11:23 a.m. ET
Tellabs' bell rung, disconnect at Network Associates, bids for Greg Manning soar
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NEW YORK (CNNfn) - Investors were agape again about Internet stocks while two software players drew a mixed reaction on the Wednesday list of hot stocks.
The maker of anti-virus software Network Associates (NETA) jumped 5-3/16 to 54-3/4 after saying preliminary results for its fourth quarter show it will post earnings of 47 cents per share, a penny better than analysts' targets.
Infected by a sell-off craze was fellow software maker JDA Software (JDAS), falling 2-21/32 to 6-7/8 after the company, which makes inventory- and sales-tracking software, said its chief executive, Brent Lippman, had resigned.
JDA also said it expects to post a loss in its fourth quarter due to a shortfall in its software license revenue. Analysts had expected profits.
Tellabs (TLAB) tumbled 3-13/16 to 75 after the telecommunications equipment maker said it couldn't explain a recent stock-price spike. Its shares were up 13-1/16 Tuesday.
Internet stocks still amazing
Greg Manning Auctions (GMAI) exploded up 3-1/4 to 12, or 37 percent, leading a pack of Internet-related gainers, after the auction house said it expects to post record second-quarter sales due to Internet-related auctions.
Also chalking up gains were online auction houses eBay (EBAY), up 29 to 253, and uBid (UBID), adding 2-1/4 to 122-1/8.
Elsewhere in Net world, online bookseller Amazon.com (AMZN) roared up 10-5/16 to 134-13/16 after Tuesday's 3-for-1 stock split. Portal Lycos (LCOS) added 5-3/16 to 57-9/16 after CS First Boston opened coverage with a buy.
Rival Yahoo! (YHOO) soared 15-1/8 to 273, the Internet investor CMG Investment (CMGI) rose 17-1/32 to 137-3/4, community web site provider Go2Net (GNET) rallied 7-5/8 to 46 and Network Solutions (NSOL), which provides web page addresses, spurted 7 to 162. 
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