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Friday’s hot stocks
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January 7, 2000: 1:44 p.m. ET
iEntertainment up on news of computer games Web site; Hanger falls on warning
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NEW YORK (CNNfn) - An entertainment software maker’s stock more than doubled after announcing the launch of a computer games Web site Friday, while a medical device maker’s shares lost half their value after the firm warned of flat earnings.
In the session’s highest flyer,
iEntertainment Network (IENT) soared 123 percent after saying it will launch a computer games site with Red Hat, Inc. (RHAT) called gamesforgeeks.com.
Shares of the Morrisville, N.C.-based entertainment software maker rose 2-11/16 to 4-7/8.
But Hanger Orthopedic Group Inc. (HGR), a provider of orthotic and prosthetic devices, plunged 53 percent after warning it expects flat earnings due to its NovaCare O&P acquisition last year.
Bethesda, Md.-based Hanger fell 5 to 4-3/8.
Similarly, FVC.COM (FVCX), a broadband video networking firm, lost 17 percent after warning it expects a fourth-quarter loss of $1 million to $1.5 million, or 6 to 9 cents per share.
Santa Clara, Calif.-based FVC.COM lost 1-15/16 to 9-5/8.
And, Indus International Inc. (IINT) dropped 27 percent after the software maker warned that revenue for its fiscal fourth quarter will fall below expectations and earnings will be flat.
San Francisco-based Indus fell 3-3/16 to 8-1/2.
Blockbuster Inc (BBI) jumped 11 percent after the video retailer sealed a deal with personal television provider TiVo Inc (TIVO) Friday that gives access to consumers via their televisions.
New York -based Blockbuster gained 1-1/16 to 11-1/16
Germany’s SAP AG (SAP) gained 24 percent after saying new software-license revenue in the fourth quarter rose 40 percent from a year ago.
SAP jumped 10-11/16 to 55-9/16
Cobalt Group Inc. (CBLT), which more than doubled Thursday, gave up some of those gains Friday. Seattle-based Cobalt rose after the automotive-services company said it plans an Internet site that will move it into the hot business-to-business electronic-commerce sector.
But the firm’s shares dipped 3-1/8, or 13 percent, to 21 in late-morning trading 
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