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CNNfn market movers
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November 13, 1998: 3:19 p.m. ET
theglobe.com IPO paces surge in Internet issues; Infonautics, Manning up
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NEW YORK (CNNfn) - If you thought a recent frenzy over Internet stocks was near an end or overblown, think again. The sector was soaring again Friday, led by a new issue that rocketed to the Wall Street stratosphere.
The newest Internet-related IPO, theglobe.com (TGLO), blasted up to 68-1/8, after pricing 3.1 million shares at $9 Thursday. The home page provider's stock, with Bear Stearns as lead underwriter, traded as high as 97.
Meanwhile, rival GeoCities (GCTY) rose 4-3/8 to 44-1/4.
Infonautics (INFO) also took off, soaring 3-7/8 to 6-1/4 as 20 million shares traded hands late Friday. Chairman and CEO Van Morris said the information service provider's Company Sleuth Internet site, which searches for corporate information, "seems to really have caught fire."
Dow Jones Newswires Thursday cited a hedge fund manager at Connecticut-based Ram Partners making favorable comments on the stock.
Greg Manning Auction (GMAI) soared 4-5/32 to 14-5/8, after gaining 5-9/32 Thursday, as investors warm to its Internet strategy. The auction operator bought TeleTrade, an online auction firm in late October. Manning denied rumors that it is in talks about a takeover.
EarthWeb (EWBX) finally began to ease back from its torrid pace, but still climbed in its third day of trading. It was up 4-3/8 to 73-5/8, rising as high as 85-1/16. The Internet data services provider went public Wednesday after pricing at $14 a share.
Go2Net (GNET) shot up 12-1/4 to 41-3/4, after rising as high as 51-3/4. The Internet technology firm, parent of the search service MetaCrawler, late Thursday reported fourth-quarter income of 2 cents a share before one-time charges. Analysts had expected a loss.
On the downside was Think New Ideas(THNK) tumbling 2-15/16 to 9-11/16 after the Internet marketing company posted a loss of 17 cents in its fiscal first quarter, worse than analysts' expectations of a 9-cent loss.
K-Tel International (KTEL) fell for a third day, down 6-1/2 to 21-1/2, after rising earlier this week following the announcement of a partnership with Microsoft (MSFT).
Outside of the wildly swinging web world, SmarTalk TeleServices (SMTK) fell 1-3/32 to 4-11/32 after the prepaid calling-card firm said late Thursday it had hired Salomon Smith Barney to assist its board of directors in studying its strategic alternatives.
Also after the bell Thursday, the company reported a third-quarter loss of 82 cents per share, well below Wall Street's forecast of a profit of 2 cents per share, according to First Call, which tracks such results.
Waste Management (WMI) dropped 1-3/8 to 47-3/8 after the waste-services provider reported operating profit in its third quarter of 49 cents a share, in line with analyst targets, despite a huge net loss due to a one-time charge.
Health care billing services provider HBO & Co. (HBOC) dropped 2-9/16 to 22-9/16 after announcing that Chief Financial Officer and President Jay Gilbertson resigned. Last month, HBO and drug distributor McKesson (MCK) announced a merger. 
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