NEW YORK (CNNfn) - In the telecommunications sector, a Spanish language Internet provider's stock surged Friday. However, a company that makes storage area networks equipment saw its shares retreat.
Terra Networks S.A. (TRRA), the Internet unit of Spanish phone company Telefonica, gained 19 percent. The company will enter Spain's Ibex index of the 35 most-traded stocks. On the heels of the announcement, Merrill Lynch initiated coverage of the stock with "near-term buy" and "long-term buy" ratings.
Madrid-based Terra Networks rose 14-5/8 to 92-5/8.
Gadzoox Networks Inc. (ZOOX), a leading provider of storage area networks equipment,
tumbled 12 percent. The company late Thursday reported a fiscal third-quarter loss of 7 cents a share, in line with expectations. But Robertson Stephens lowered its earnings estimates for 2000 and 2001 to reflect the company's decision to increase spending.
San Jose, Calif.-based Gadzoox fell 5-13/16 to 44.
Sunrise Technologies International Inc. (SNRS) soared 16 percent. The company, which develops medical equipment, won a key endorsement from a Food and Drug Administration panel Thursday for its laser to treat farsightedness.
Fremont, Calif.-based Sunrise advanced 1-5/8 to 11-11/16.
Lands' End Inc. (LE) jumped 11 percent. Although the retailer said its net sales for the holiday season fell, profits for the period were higher than expected.
The company's shares also benefited from an upgrade by Credit Suisse First Boston, which raised its rating to "buy" from "hold."
Dodgeville, Wis.-based climbed 3-11/16 to 38-9/16.
But Vail Resorts Inc. (MTN), the No. 2 ski resort company in North America, dropped 8 percent.
The company said its second-quarter and full fiscal year results will fall below analysts' expectations.
Avon, Colo.-based Vail Resorts declined 1-3/8 to 15-9/16.
Lifting the Nasdaq was Foundry Networks Inc. (FDRY), surging 14 percent. The company, which makes communication devices such as LAN switches, rose after J.P. Morgan Securities made positive comments on the stock.
In addition, Deutsche Banc Alex. Brown raised its fourth-quarter earnings estimate on the company's shares to 8 cents from 6 cents and increased its revenue estimate to $50 million from $42.5 million
Sunnyvale, Calif.-based Foundry gained 15-1/8 to 122. 
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