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Techs muted on Monday
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November 1, 1999: 4:56 p.m. ET
Software, Internet sectors see the most gains; Wit Capital, Motorola lead pack
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NEW YORK (CNNfn) - The technology stock sector wasn't able to replicate last week's stellar performance on Monday, but some stocks had a strong showing, particularly news makers Wit Capital and Motorola.
Internet trading firm Wit Capital (WITC) surged 4-13/16, closing up at 22-3/8 following news the company would acquire SoundVew Technology Group in a $320 million stock swap in an effort to further its underwriting business in Internet companies.
Spyglass (SPYG) was another Internet stock winner, surging 8-7/16 to end the day at 24-1/2, on news it will distribute its software with Fujitsu Ltd.
Motorola (MOT) closed up 4-13/16 at 102-1/8, after the company unveiled its latest chip offering that allows wireless communications, including cell phones and Internet browsers, to operate independently of platforms.
The software sector boasted several gains, including Broadvision (BVSN), up 7-5/16, closing at 80-15/16; Siebel Systems (SEBL), up 7-7/8 and closing at 117-11/16; and Verisign (VRSN) soared 8-1/16, closing at 131-9/16.
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