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Markets & Stocks
Monday's hot stocks
April 24, 2000: 4:28 p.m. ET

NetZero jumps after Qualcomm takes a stake; Microsoft dives on split-up news
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NEW YORK (CNNfn) - NetZero stock rose sharply after Qualcomm Inc. announced the acquisition of a 10 percent stake in the advertising-supported, free Internet access provider.
    Microsoft shares sank after reports surfaced that the government is considering whether to recommend dividing the company.
    Shares of satellite communications service provider COMSAT Corp. jumped 11 percent after the company reported stellar earnings.
    Here are some of the biggest market movers in Monday trading.
    
Monday's winners

    NetZero Inc. (NZRO: Research, Estimates) up 3-5/32 to 11-7/16.
    Qualcomm said it has invested $144 million in NetZero for a 10 percent stake in the advertising-supported, free Internet access provider. The wireless communications company now owns about 11.5 million shares of NetZero that were bought at about $12.50 a share.
    Cherry Corp. (CHER: Research, Estimates) up 4-7/16 to 17-7/16.
    Cherry Corp., a manufacturer of electrical switches, controls and other products, said Chairman Peter Cherry and his affiliates have proposed to buy all the outstanding common stock for $18.75 per share in cash.
    COMSAT Corp. (CQ: Research, Estimates) up 2-13/16 to 24-7/8.
    COMSAT Corp. a satellite communications service provider reported net income of $21.0 million, or 39 cents per fully diluted share, for the three months ended March 31, versus net income of $12.0 million, or 22 cents per fully diluted share, in the first quarter of 1999. Revenue this quarter was $171.4 million, up 19 percent over the $144.5 million in revenue in the first quarter of last year.
    Ceradyne Inc. (CRDN: Research, Estimates) up 1-11/16 to 8-7/8.
    Ceradyne makes ceramics for industrial, electronic and consumer uses.
    The company reported earnings of 14 cents a share, compared to one cent in the year-ago period.
    
Monday's losers

    graphicMicrosoft Corp. (MSFT: Research, Estimates) down 12-5/16 to 66-5/8.
    Reports surfaced that the U.S. government may propose breaking the world's No. 1 software company into two pieces as a remedy to a federal judge's finding of monopoly power abuse in personal computer operating systems.
    Exodus Communications (EXDS: Research, Estimates) down 25-3/16 to 82-1/2.
    Exodus Communications, an Internet enabler, late Thursday reported a first-quarter loss before adjustments of 23 cents a share, 3 cents better than expectations. First-quarter revenue of $134.1 million was 32 percent better than the fourth quarter.
    Pervasive Software Inc. (PVSW: Research, Estimates) down 3-11/16 to 7-1/4.
    Pervasive Software, a provider of application software, late Thursday reported a fiscal third-quarter loss of $5.8 million, or 37 cents a share, compared with income of $1.4 million, or 9 cents a share, a year earlier. Revenue fell to $12.6 million from $16 million.
    Young and Rubicam (YNR: Research, Estimates) down 5-3/8 to 42-5/8.
    British advertiser WPP Group PLC has renewed a bid for a takeover worth $4 billion of U.S. rival Young and Rubicam, a British newspaper reported Sunday. The merger would create the world's largest advertising agency.
    Priceline.com (PCLN: Research, Estimates) down 6-1/8 to 61-3/4.
    Priceline.com's stock fell roughly 8 percent despite reporting a first-quarter loss that was two cents a share less than expected. The stock had run up by more than 14 dollars in the three prior sessions.
    Entrade Inc. (ETA: Research, Estimates) down 1-5/8 to 11-1/16.
    Entrade, which creates business-to-business marketplaces, said it sold a part of its stake in privately held AssetTRADE.com to buy back its Series A convertible preferred stock. Entrade said it exchanged $34 million in cash and about 32,000 shares of Entrade common stock for the preferred shares. Back to top
    -- compiled by Staff Writer Lucy Banduci from wire reports

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.