Recent IPOs Gain and Several Tech Stocks Benefit, Presplit

Also E*Trade moves up on news of its acquisition of ClearStation.
Publish date:

SAN FRANCISCO -- The latest IPO to hit The Street is making a splashing debut, and some other newly traded companies also are on the rise on a day when the market is rallying sharply.



, an email service provider, has more than doubled from the 24 level where it was priced. The company was trading 41 1/8 higher, or 170%, at 65 1/8.

Also, shares of



are up after it was plugged in this week's


. iVillage was trading up 18 1/8, or 23%, at 96 3/4, near its all-time high of 100 reached on its first day of trading March 19.




is trading near its all-time high. Last week,

Volpe, Brown Whelan

, one of the underwriters for the company, reiterated a buy on VerticalNet, with a 12-month price target of 119. VerticalNet offers business-to-business commerce communities on the Internet. It was trading 10 1/4 higher, or 10%, at 111 3/4.

Splitting Up

A number of companies that are splitting in the near future are profiting in advance of the split.



, which splits 2-for-1 on April 8, was up 12 1/8, or 7%, at 194 3/8. The stock has been on a tear this month, more than doubling from March 4 when it was trading at 93.

There's more news than just a split from

Sun Microsystems

(SUNW) - Get Report

. The company will announce details of its

alliance with

America Online


on Tuesday. In addition,

Merrill Lynch

also announced it was upping its price target on Sun to 140 from 120. It splits 2-for-1 April 8. Sun Microsystems was trading 6 7/16, or 6%, higher at 122 13/16.

Shares of


(MSFT) - Get Report

split as of trading today and also are on the rise, though gains come a day before the company and government meet to attempt to reach a settlement on the antitrust case against Microsoft. It was trading up 2 points, or 2%, at 91 1/16.

E*Trade in Buying Mode



is trading higher following an announcement that it would be buying ClearStation, a financial Web site that provides technical and fundamental analysis of stocks. Terms of the deal were not disclosed, but the transaction is being completed through an issuance of E*Trade shares, though the company did not say how many shares would be offered. E*Trade was up 1 1/2, or 3%, at 59 3/8.

What's in a Name?

Shares of

Computer Literacy


, an online retailer of technical books, has rallied after announcing it had changed its name to

. The stock was trading up 3 1/4, or 16%, at 24. New ticker symbol on the company will be FATB.

Johnny on the Spot

Shares of

Network Associates


have traded higher after the security software maker said it distributed a program to fix the Melissa virus. Network Associates was up 2 points, or 6%, at 33 1/16.