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CNNfn market movers
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September 10, 1999: 11:44 a.m. ET
For healthcare company and amplifier maker, new products attract investors
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NEW YORK (CNNfn) - News of product breakthroughs sent shares of a healthcare company and wireless amplifier maker soaring Friday.
In one of the session's biggest advances, shares of Amplidyne Inc. (AMPD), a maker of wireless amplifiers, catapulted after the company Thursday announced new products for high speed wireless Internet access.
Investors bought on the news, sending stock in Raritan, N.J.-based Amplidyne up 5-1/2, or 54 percent, to 15-5/8. Nearly 11 million shares changed hands, making Amplidyne the most heavily traded Nasdaq stock.
Shares of Matritech Inc. (NMPS) soared 51 percent after the company said its blood-based test for detecting breast cancer showed signs of success. The Newton, Mass.-based medical equipment maker gained 1-11/32 to 31/32.
Also on the rise were shares of AppNet Systems (APNT) after Credit Suisse First Boston upgraded the company to "strong buy" from "buy."
Stock in Bethesda, Md.-based AppNet Systems, which provides electronic commerce services to businesses, soared 10-5/8, or 67 percent, to 26-1/8
But shares of Boston Communications Group (BCGI) slipped 26 percent after the wireless telecom provider said it expects to lose 13 cents per share to 16 cents per share in the third quarter. Woburn, Mass.-based Boston Communications fell 1-31/32 to 5-21/32.
HealthSouth Corp, a provider of outpatient surgery and rehabilitative healthcare services, dropped 30 percent after the company said it would not spin-off its inpatient operations.
In rapid fashion, the HealthSouth (HRC) suffered eight downgrades, including those from Lehman Brothers, Salomon Smith Barney and J.P. Morgan.
Shares of Birmingham, Ala.-based HealthSouth plunged 2-3/8 to 5-1/2. Nearly 19 million shares changed hands, making the stock the most actively traded on the New York Stock Exchange.
Finally, shares of Premark International Inc, a commercial food equipment maker, soared 49 percent after it said Illinois Tool Works Inc. (ITW) will buy the company in a $3.4 billion deal.
Shares of Glenview, Ill.-based Premark (PMI) rose 16-5/8 to 50-7/8. 
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