SAN FRANCISCO -- Are you listening?
A number of stocks made noise today, but few louder than
RealNetworks closed up 40 15/16, or 27%, at 195 7/16. The streaming media company entered into a business agreement with
that benefited both companies. Globix, which manages, produces and broadcasts live and on-demand content for the Internet and Intranets, will team with RealNetworks to sell RealNetworks products and services. Globix closed up 11 11/16, or 33%, at 47 9/16.
Donaldson Lufkin & Jenrette
initiated coverage of RealNetworks with a buy rating and set a 12-month target price of $250 a share.
They were dancing in the halls of TCI Music after
offered to sell its Internet and interactive television assets in exchange for TCI stock. TCI Music closed up 21 3/16, or 253%, at 29 9/16.
Liberty Media, which is a subsidiary of
, owns 86% of TCI Music. The assets it will sell include equity investments in
Taking a Break
A couple of stocks that have been on fire of late saw profit-taking today. Among the day's losers was
, which has been on a tear since announcing it was buying
. The company will report earnings on
Wednesday. It closed down 4 1/4, or 2%, at 214 7/8. Also,
, on fire since establishing an online auction site, closed down 3 5/8, or 2%, at 182 7/8.
Among the winners was
, which closed up 10 5/8, or 8%, at 140 5/8. The company, which will split 2-for-1 on Thursday, introduced products that will run with Microsoft operating systems.
closed up 3 1/2, or 11%, at 36 after receiving a strong buy rating from
Soundview Technology Group
. Also benefiting from an analysts' rating was
C.E. Unterberg Towbin
initiated coverage of the stock with a strong buy and a 150 price target. It closed up 25 7/16, or 27%, at 121.