Yahoo! Gains Speed While broadcast.com Tags Along

Also MMC Networks names a new CEO and Mosaix benefits from a Lucent acquisition overture.
Author:
Publish date:

SAN FRANCISCO --

Yahoo!

(YHOO)

has shown little signs of slowing down following last week's purchase of

broadcast.com

(BCST)

.

Yahoo! is the leading point gainer on the

Nasdaq

, trading up 25 1/4, or 14%, at 205. The company announced that it would be teaming with

Online Anywhere

to enable users to retrieve Yahoo! content in hand-held devices and television-based Internet appliances such as WebTV and

Oracle

(ORCL) - Get Report

subsidiary

NCI

. Online Anywhere is a start-up of the investment arm of

Motorola

(MOT)

,

Motorola Ventures

. Motorola was trading up 2 1/8, or 3%, at 76 1/8.

There also may be some optimism that Yahoo! will beat earnings estimates when it reports on Wednesday. Yahoo! is expected to report earnings of 8 cents a share, according to

First Call

.

And when Yahoo! goes up, so do its acquisitions. broadcast.com was trading up 17 7/8, or 14%, at 147 7/8, while

GeoCities

(GCTY)

was up 17, or 14.5%, at 134 1/8.

It's also been a strong day for many of the companies that are drafting off the Yahoo!-broadcast.com merger.

RealNetworks

(RNWK) - Get Report

was trading up 9, or 6%, at 166 7/8.

InterVu

(ITVU)

, a behind-the-scenes broadcaster of Internet audio and video programming, was up 13, or 22%, at 72 1/2.

audiohighway.com

(AHWY)

, an online information and entertainment company was up 11/16, or 5%, at 13 7/16. And

Visual Data

(VDAT)

, a multimedia content provider, was up 2, or 13%, at 17 13/16.

Other Notables

A new CEO for

MMC Networks

(MMCN)

is having a positive impact on the stock. MMC Networks named former

3Com

(COMS)

executive vice president Douglas Spreng as its president. MMC Networks was trading up 4 1/4, or 25%, at 21.

Also on the upside is Internet bank

Net.B@nk

(NTBK)

after the online banker announced it had opened a record 8,000 new accounts during the first quarter. It was trading up 17 11/16, or 23%, at 93 11/16.

The news wasn't so good for

Axent Technologies

(AXNT)

. The information security firm warned that it expects a loss in the first quarter of between 5 cents and 10 cents a share vs. the 18-cent profit expected, according to First Call.

Also,

Mosaix

(MOSX)

is up big after

Lucent Technologies

(LU)

announced it would acquire the customer management software company for $145 million in stock. Mosaix was trading 2 3/8 higher, or 28%, at 10 3/4. Lucent was up 2 5/8, or 5%, at 58 1/2.