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Friday's hot stocks
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February 4, 2000: 2:39 p.m. ET
Latest IPOs, bursting onto scene, see prices soar due to investor demand
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NEW YORK (CNNfn) - A series of technology companies and a drug maker soared in their first day of trading Friday, as investor appetite for initial public offerings showed no signs of letting up.
The session's highest flying IPO, Avanex, "AVNX," a maker of fiber optic-based products, soared 146-9/16, or 407 percent, to 182-9/16 after being priced at 36.
FirePond Inc., "FIRE," a provider of electronic business products, rose 60, or 273 percent, to 82, after being priced at 22.
And Antigenics Inc., "AGEN," a drug maker, leapt 30-3/8, or 169 percent, to 48-3/8, after being priced at 18.
Conolog Corp. (CNLG: Research, Estimates) doubled after announcing the addition of fiber optic connection capability to all the company's digital signal processing products.
Somerville, N.J.-based Conolog rose 1-3/4 to 3-1/2.
Pacific Aerospace & Electronics (PCTH: Research, Estimates) catapulted 129 percent after saying it developed the world's smallest component for filtering electrical interference noise from sensitive electronic circuits.
Wenatchee, Wash.-based Pacific Aerospace rose 2-17/32 to 4-1/2.
But E-Stamp (ESTM: Research, Estimates) fell 20 percent, after the online stamp retailer posted a fourth-quarter loss of 81 cents, much wider than the 48 cents a share expected by analysts surveyed by earnings tracker First Call Corp.
San Mateo, Calif.-based E-Stamp fell 3-5/16 to 13-1/4.
USEC Inc. (USU: Research, Estimates) fell 22 percent, after the supplier of enriched uranium fuel announced a 20 percent cut of its work force and lowered its earnings outlook for fiscal year 2001.
Morgan Stanley Dean Witter Friday downgraded USEC to "neutral" from "outperform."
Bethesda, Md.-based USEC lost 1-5/16 to 4-9/16.
COR Therapeutics Inc. (CORR: Research, Estimates) jumped 48 percent, after announcing with Schering-Plough Corp. that a study of their jointly developed product, INTEGRILIN, showed it significantly reduced heart attack deaths.
South San Francisco, Calif.-based COR Therapeutics gained 12-3/16 to 37-3/4.
Radiant Systems Inc. (RADS: Research, Estimates), which provides data management products for retailers, rose 20 percent after reporting fourth-quarter earnings of 17 cents per share, compared with a loss of 2 cents per share.
Credit Suisse First Boston Friday upgraded Radiant to "strong buy" from "buy."
Alpharetta, Ga.-based Radiant System gained 8-7/8 to 53-1/4.
Metrocall Inc. (MCLL: Research, Estimates) carried over its stellar Thursday run. The wireless data and messaging provider said PSINet Inc. (PSIX: Research, Estimates), an Internet service provider, and Hicks Muse Tate & Furst, the investment firm, made a $51 million investment in Metrocall.
In addition, Metrocall said it bought NationPage, a regional paging and wireless messaging provider, from AT&T (T: Research, Estimates) for $13 million in cash.
Alexandria, Va.-based Metrocall rose 4-5/16, or 68 percent, to 10-5/8. AT&T rose 9/16 to 50-7/8. 
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