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Monday's hot stocks
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October 25, 1999: 1:42 p.m. ET
Pokemon craze lifts Topps; Digital Island up on merger announcement
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NEW YORK (CNNfn) - Merger news sent stock in Internet content provider soaring Monday while Pokemon frenzy elevated shares in a firm best known for Bazooka bubble gum.
In the session's higher flyer, stock in Digital Island (ISLD), a provider of Internet content to businesses, rose 45 percent after saying it will merge with Sandpiper Networks, a privately held Internet content delivery firm.
Under the deal, Sandpiper shareholders get 1.07 shares of Digital Island for each Sandpiper share.
Stock in San Francisco-based Digital Island rose 10-3/8 to 33-3/8.
Proving that children's fads can move markets, shares of Topps Co. Inc. (TOPP) rose 21 percent after it said sales of its Pokemon trading cards could range from $80 million to $100 million for the fiscal year ending Feb. 26.
Stock in New York based Topps, which created Bazooka bubble gum in 1947, climbed 1-3/4 to 10-1/4. More than 8 million shares changed hands, making Topps the third-most traded Nasdaq listing.
Shares of Sunrise Technologies (SNRS) continued to gain following Friday's announcement that it expects a Food and Drug Administration panel to grant pre-market approval for its vision-correcting laser system.
Further, the company said Monday that a "world-renowned ophthalmologist," Dr. Charles D. Kelman, underwent Sunrise's procedure for correcting farsightedness.
Stock in Fremont, Calif.-based Sunrise rose 1-15/16, or 23 percent, to 7-31/32.
Shares of the Scandinavia Co. (SCF) rose 13 percent after it announced a deal to integrate Inktomi's (INKT) scaleable software technology with a Scandinavia subsidiary.
Shares of Cayman Islands.-based Scandinavia rose. 6-1/4 to 53-3/4.
Shares of U.S. Interactive Inc. (USIT) gained 16 percent after Hambrecht & Quist upgraded the Internet strategy consulting firm to "buy-focus list" from "buy."
Stock in King of Prussia, Pa.-based U.S. Interactive rose 3-1/2 to 25.
Shares of MidAmerican Energy Holdings (MEC) climbed 23 percent after Warren Buffett's Berkshire Hathaway (BRK.A) offered to buy the utility for $35.05 per share, a 29 percent premium over Friday's closing price.
Stock in Des Moines, Iowa-based MidAmerican jumped 6-1/4 to 33-1/2.
Martha Stewart Living Omnimedia (MSO) which gained strongly in its debut last week, gave up some ground Monday.
Stock in New York-based Martha Stewart fell 3-3/16, or 9 percent, to 31-7/8.
Shares of Trump Hotels & Casino Resorts (DJT) rose 11 percent after the casino operator said third-quarter earnings beat analysts' expectations.
The casino operator, whose chairman is real estate developer Donald Trump, said net income rose to $14.0 million, or 63 cents per share, from $5.3 million, or 24 cents per share, in the year-ago period.
Shares of Atlantic City, N.J.-based Trump Hotels and Casino jumped 7/16 to 4-7/16.
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