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CNNfn market movers
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November 19, 1998: 11:31 a.m. ET
Bluefly gains on Lycos deal, Amazon also up; recent Web IPOs rebound
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NEW YORK (CNNfn) - Another round of Internet deal-making topped Thursday's list of market movers.
BlueFly (BFLY) rose 4-11/16 to 12-9/16 after unveiling a "strategic alliance" with Web search engine provider Lycos (LCOS), which the online apparel vendor hopes will boost its recognition in the holiday shopping season.
Lycos rose 1-1/8 to 65-1/2
Elsewhere in the Net sector, Amazon.com (AMZN), fresh off an announcement early this week it will expand its online shopping options beyond books and music to include videos and gifts, rose 4-3/8 to 168-3/8.
Separately, the bellwether Internet vendor said late Wednesday it would sell its Junglee Employment Services unit to Restrac (RTRK) - a maker of software to help companies find prospective employees - for about $15 million in cash and stock, based on the Wednesday closing price of Restrac stock.
Restrac rose 2-3/16 to 7-9/16 Thursday.
Reversing losses after their blockbuster IPOs last week were EarthWeb, (EWBX), the provider of technical information online, gaining 3-5/8 to 42-3/4, and Web page designer theglobe.com (TGLO), up 6-13/16 to 38-7/8.
Etec Systems (ETEC) shed 3-7/16 to 42-9/16 after the maker of computer chip-patterning equipment said reduced orders from customers in several Asian countries will lead to a drop in earnings of as much as 40 percent in fiscal year 1999.
CIBC Oppenheimer downgraded the stock, while Lehman Brothers cut its profit estimate on Etec Thursday.
MCI WorldCom (WCOM) rose 1-5/16 to 56-5/8 after the long-distance giant late Wednesday unveiled a new service, starting early next year, that will offer faster Internet access over standard phone lines to online service providers and smaller businesses.
Time Warner (TWX), parent of CNN and CNNfn, gained 4 to 102-7/8 after the media company announced a two-for-one stock split, citing an improving balance sheet. 
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