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CNNfn market movers
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July 17, 1998: 2:47 p.m. ET
Sizzling Broadcast.com airs out Wall St., leading list of Friday headliners
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NEW YORK (CNNfn) - It soon may become a new rule of investing in high-tech stocks: If its name has a "dot-com" at the end, it's probably going to soar on Wall Street.
One sure did Friday, heading up the day's list of market movers.
Broadcast.com (BCST) exploded by 48-1/16 to 64-1/16 -- or 267 percent -- after the initial public offering of the company, a provider of so-called "push" technology that delivers media programming to hundreds of thousands of Internet users daily.
Investors dumped Triton Energy (OIL), which fell 10 to 20-1/2 after the oil and gas explorer ended weeks of speculation it would be sold and announced its chairman and chief executive officer has resigned.
Microsoft (MSFT) climbed 1-1/4 to 118-5/8 after the software titan beat analysts' estimates for its fiscal fourth-quarter earnings by 2 cents a share. Donaldson, Lufkin & Jenrette also lifted its price target to $150 a share for the stock.
Key Microsoft rival Sun Microsystems (SUNW) gained 2-5/16 to 52-1/4 after the computer workstation maker also beat Wall Street estimates by 2 cents a share in its fiscal fourth quarter despite market woes rocking Asia.
Cisco Systems (CSCO) rose 3-1/4 to 99 after CS First Boston began coverage on the computer networking company with a "strong buy" rating on the stock.
Qlogic (QGLC) rocketed up 14-15/16 to 52-7/16 after the supplier of integrated circuits late Thursday reported fiscal first-quarter earnings rose to 52 cents a diluted share, 9 cents better than Wall Street analyst estimates.
DeCrane Aircraft Holdings (DAHX) took flight Friday, gaining 5 to 22-5/8 after the maker of avionics systems agreed to be bought by an affiliate of brokerage firm Donaldson, Lufkin & Jenrette (DLJ) for $23 per share.
Dialogic (DLGC) soared 6-1/8 to 37 after the supplier of PC hardware components for processing systems reported late Thursday second-quarter earnings of 42 cents a diluted share, in line with expectations and up from 29 cents a share a year ago.
Search engine provider Excite (XCIT) fell 2-5/8 to 89 despite reporting a smaller-than-expected loss in the second quarter, after costs tied to a buyout and a strategic alliance with Netscape Communications (NSCP).
DataWorks (DWRX) fell 3-13/16 after the software developer said Thursday it will miss Wall Street estimates and report flat earnings in the second quarter, due partly to steep discounting to stay competitive.
Xilinx (XLNX) sank 4-7/16 to 36-15/16 after the circuit and software maker reported after the bell Thursday fiscal first-quarter earnings fell to 35 cents per share, down 6 cents from the same period 1997. Prudential and Merrill Lynch downgraded Xilinx shares Friday.
EMC (EMC) rose 3-5/16 to 51-9/16 after the computer storage products maker posted second-quarter earnings of 38 cents a diluted share, beating Wall Street analyst estimates by 8 percent on strong sales gains.
Sybase (SYBS) climbed 1-1/8 to 10-1/8 after the relational database provider posted a second-quarter profit of 1 cent per share Thursday, crediting cost-cutting efforts, when Wall Street analysts had predicted a loss.
Northrop Grumman (NOC) lost 6-9/16 to 90-13/16 after Lockheed Martin (LMT) gave in to pressure from the U.S. government and called off their planned merger.
Lockheed shares, which were upgraded to "attractive" from "neutral" by PaineWebber, rose 2-15/16.
Gillette (G) dropped 2-3/8 to 58 after Merrill Lynch downgraded shares of the razor maker from a "near-term buy" to a "near-term accumulate." Gillette met analysts' expectations of 33 cents a share profit in its second-quarter report Thursday.
PepsiCo (PEP) climbed 1-1/4 to 39-3/16 after the soft drink and snack food company reported operating earnings rose to 33 cents a diluted share in the second quarter, meeting analysts' expectations. 
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