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Thursday's hot stocks
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February 3, 2000: 1:08 p.m. ET
Alamosa jumps in debut while Metrocall climbs on purchase
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NEW YORK (CNNfn) - Shares of a wireless communications provider catapulted in its first day of trading Thursday while a major investment sent stock in a wireless data and messaging provider soaring.
In the day's highest flying initial public offering, Alamosa (APCS: Research, Estimates), a wireless communications provider and division of Sprint PCS Group (PCS: Research, Estimates), rose 11-1/8, or 56 percent, to 28-1/8, after being priced at 17.
In the day's biggest mover, Metrocall Inc. (MCLL: Research, Estimates) catapulted 197 percent after saying that PSINet Inc. (PSIX: Research, Estimates), an Internet service provider, and Hicks Muse Tate & Furst, the investment firm, made a $51 million investment in the wireless data and messaging provider.
In addition, Metrocall said it bought NationPage, a regional paging and wireless messaging provider, from AT&T (T: Research, Estimates) for $13 million cash.
Alexandria, Va.-based Metrocall rose 4 to 6-1/32. AT&T fell 1/16 to 50-15/16.
Andover.Net (ANDN: Research, Estimates) soared 27 percent after saying VA Linux Systems will buy the Web site that offers downloads of Linux software in a stock swap valued at more than $800 million.
Acton, Mass.-based Andover.Net, which went public in December, rose 9-3/4 to 45-3/4. But VA Linux Systems (LNUX: Research, Estimates), a maker of servers and workstations using the Linux operating system, fell 7-7/8, or 6 percent, to 129.
AnnTaylor (ANN: Research, Estimates) fell 22 percent after the women's clothing retailer was downgraded by two brokers. Merrill Lynch downgraded AnnTaylor to "near-term neutral" from "near-term buy" and Banc of America Securities lowered its rating to "buy" from "strong buy."
New York-based AnnTaylor lost 4-3/4 to 16-7/8.
But American Xtal Technology (AXTI: Research, Estimates) soared 23 percent after Prudential upgraded it to "strong buy" from "buy."
Fremont, Calif.-based American Xtal, which makes equipment for the semiconductor industry, rose 5-3/4 to 31.
StorageTek (STK: Research, Estimates) fell 18 percent after the maker of data storage equipment announced unspecified job cuts and said it expects a fourth-quarter operating loss of approximately 10 cents per share.
Louisville, Colo.-based StorageTek lost 2-7/8 to 12-13/16. 
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