NEW YORK (CNNfn) - DoubleClick stock dropped sharply after the Michigan Attorney General's Office said it is moving toward formal legal action questioning the business practices of the leading Internet advertising company.
And Sawtek shares took a major dive following comments that one of its products could be eliminated by a part made by Qualcomm, analysts said.
However, stock in Acme Communications, the nation's third-largest affiliate group of WB Television Network, rose after it posted strong fourth-quarter results. And Superconductor Technologies' stock rode the second day of a wave that started when it disclosed an order for 27 of its SuperFilter Systems.
By contrast, shares of trendy retailer American Eagle Outfitters fell almost 19 percent after Morgan Stanley Dean Witter lowered its rating.
Today's winners
Bea Systems (BEAS: Research, Estimates) up 13-1/8 to 135-1/8.
KPN Royal Dutch Telecom and BEA announced a multimillion-dollar, multi-year strategic software agreement.
Commerce One Inc. (CMRC: Research, Estimates) up 8-1/4 to 192-1/2.
The company has engaged in a Web deal with Citigroup. They are to build a B2B procurement portal with Citigroup, which will provide e-commerce services to Citigroup's customers.
Dell (DELL: Research, Estimates) up 2-5/16 to 40-5/16.
The announcement, regarding Dell's shipping to customers worldwide of the new Microsoft Windows 2000 operating system on its desktop PCs, notebook PCs and servers, was made today. Dell also teamed up with empactHealth.com, an online purchasing, or e-procurement, service provider for the health care industry, to provide consulting on e-commerce network development, technical support and hardware to run the company's online purchasing services.
Polycom Inc. (PLCM: Research, Estimates) up 11-9/16 to 80-13/16.
Jetstream Communications Inc., the industry leader in voice-over-broadband solutions, and Polycom®, Inc. (Nasdaq: PLCM - news), a worldwide leader in broadband appliances, announced a strategic agreement that will advance the deployment of Voice over DSL (VoDSL) services for small- and medium-sized enterprises.
Nanogen Inc. (NGEN: Research, Estimates) up 10 to 69-5/8.
The company announced it has been awarded two U. S. patents relating to high-resolution electrophoretic separation and electronic stringency control for molecular biological analysis and diagnostics.
Acme Communications Inc. (ACME: Research, Estimates) up 2-3/4 to 23-1/4.
The nation's third-largest affiliate group of WB Television Network said fourth-quarter net revenue rose 37% from a year ago to $17.6 million.
Superconductor Technologies Inc. (SCON: Research, Estimates) up 8-9/16 to 39-7/16.
The company said Wednesday it received an order for 27 of its SuperFilter Systems from an unnamed cellular service provider. The order boosts Superconductor's backlog to 56 systems, the company said.
U.S. Home Corp. (UH: Research, Estimates) up 10-1/8 to 35.
Directors of Lennar Corp. and U.S. Home Corp. agreed on the purchase of U.S. Home by Lennar. Terms call for U.S. Home shareholders to receive $36 per share, 50% in cash and 50% in Lennar common shares, for a total of about $476 million.
Celadon Group, Inc. (CLDN: Research, Estimates) up 1-3/4 to 12.
The company said Thursday its new business-to-business Web-based subsidiary, TruckersCo-op.Com Inc., has reached a fuel supply vendor partner agreement with Pilot Corp. under which Pilot will deal exclusively with TruckersCo-op.com as its only Web-based purchasing business customer.
Cytogen Corp. (CYTO: Research, Estimates) up 2-7/8 to 18-7/8.
The biotechnology company reported fourth-quarter earnings of 2 cents a share compared with a loss of 1 cent a year ago. Cytogen stock has more than tripled in the past 10 days.
Today's Losers
DoubleClick (DCLK: Research, Estimates) down 17-1/4 to 89-1/4.
The Web advertising company is fighting allegations that it violates Web surfers' privacy. On Wednesday, DoubleClick said the Federal Trade Commission and the New York Attorney General's office were launching informal inquiries about the company's practice of tracking internet users. On Thursday, the state of Michigan said it also would review the company's policies on privacy. Afternoon trading in DoubleClick stock was halted and did not resume until after the 4 p.m. close. The company declared its policies are consistent with its privacy statement and beneficial to consumers and advertisers. It also said it never uses and will never use sensitive data in its profiles of Web users.
Sawtek Inc. (SAWS: Research, Estimates) down 30 to 52.
According to analysts, the activity in this stock has been an overreaction to this morning's Qualcomm meeting in which comments were made about Qualcomm developing a part that would eliminate Sawtek's filters.
American Eagle Outfitters Inc. (AEOS: Research, Estimates) down 4-7/8 to 21.
The clothing retailer was downgraded by Morgan Stanley Dean Witter to neutral from outperform.
York International (YRK: Research, Estimates) down 4-3/4 to 19-1/6.
The company posted fourth-quarter earnings of 77 cents a share, 1 cent shy of the analyst estimates and down from 81 cents a share during the comparable period one year ago. 
-- compiled by Staff Writer Lucy Banduci and Reuters
|
