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Friday's hot stocks
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October 22, 1999: 2:30 p.m. ET
Sycamore Networks IPO catapults 426%; Navisite up 214%
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NEW YORK (CNNfn) - Stock in a high-speed data provider rose five-fold in its first day of trading Friday while a Web site developer's initial public offering more than tripled.
In the highest flying IPO of the week, Sycamore Networks (SCMR), which makes products that transport voice and data traffic, rose 162, or 426 percent, to 200, after being priced at 38 per share.
Stock in Web site developer Navisite (NAVI) gained 29-15/16, or 214 percent, to 43-15/16, after being priced at 14 per share.
Sunrise Technologies International Inc. (SNRS) rose 38 percent after saying it expects a Food and Drug Administration panel to grant pre-market approval for its vision-correcting laser system.
Stock in Fremont, Calif.-based Sunrise rose 1-7/8 to 6-19/32.
Shares of Integrated Systems Inc. (INTS) climbed 59 percent after the software maker said Wind River Systems (WIND) is acquiring it for an undisclosed sum.
The deal calls for an exchange of 0.92 share of Wind River stock for each Integrated share.
Sunnyvale, Calif.-based Integrated jumped 6-1/14 to 16-13/16.
Viant Corp (VIAN) leapt 35 percent after the electronic commerce consultant posted a surprise third-quarter profit of 6 cents per share. Analysts had expected a loss.
Further, Goldman Sachs upgraded Viant to "recommend list" from "market outperform."
Shares of Boston-based Viant gained 25 to 95-1/2.
In the day's biggest plunge, shares of Pervasive Software (PVSW) fell 62 percent
despite saying net income surged 58 percent to $1.5 million in the third quarter.
According to an analyst who spoke on condition of anonymity, investors may have been spooked by Pervasive's announcement in a conference call late Thursday of the firm's $13 million investment to pursue larger customers.
Further, the analyst said the earnings report contained minor "stumbles" which may have concerned investors after a series of stellar quarters.
Pervasive endured four stock downgrades Friday. The company did not return a phone call seeking comment
Austin, Texas-based Pervasive fell 22-1/2 to 13-9/16.
Shares of Reebok International (RBK) rose 23 percent after it reported third-quarter earnings per share of 49 cents, beating expectations by a penny.
The Stoughton, Mass.-based footwear maker rose 2 to 10-7/8.
Student Loan Corp. (STU) climbed 18 percent after Citigroup (C) said it would acquire the shares in the nation's second-largest student loan provider it doesn't already own for $45 a share.
Stock in Stamford, Conn.-based Student Loan rose 7-5/16 to 47-3/4.
Ramp Networks (RAMP), an Internet service provider, fell 48 percent after it reported a third-quarter loss of $2.4 million, or 12 cents a share.
Stock in Santa Clara, Calif.-based Ramp lost 10-3/8 to 11-1/8. 
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