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CNNfn market movers
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January 7, 1999: 11:28 a.m. ET
Borders' pages turn yellow, healthy move for GNC Nutrition; Nets continue roll
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NEW YORK (CNNfn) - It was a page-turner at a big bookseller and a muscle-bound vendor of vitamins surging heading the Thursday list of market movers.
It was a sob story at Borders Group (BGP), plunging 6-3/8 to 18-11/16, or more than 25 percent, after the book and music retailer said it expects to fall 4 to 8 cents short of analysts' earnings estimates, as compiled by First Call, of $1.22 a share in fiscal 1999.
Borders blamed a slump in revenue on severe weather and a rise in gift certificate sales, which aren't reported until redemption.
Donaldson, Lufkin & Jenrette, Brown Brothers Harriman and J.P. Morgan lowered their ratings on the stock.
Swallowing a market multi-vitamin, GNC Nutrition Centers (GNCI) soared 4-7/16 to 19-13/16, or roughly 29 percent, with 16 million shares trading.
GNC, a vendor of health products, said it formed an alliance with Rite Aid in which the pharmacy chain will set up GNC stores within its 1,500 locations nationwide over 3 years.
BankBoston Robertson Stephens and Adams Harkness each raised their rating on the stock.
Also on the upswing: Adaptec (ADPT), roaring up 5-1/4 to 24-13/16, or 27 percent, after the maker of data transmission products said after the bell Wednesday it expect to beat analysts' earnings estimates thanks to cost cutting and successful product introductions.
Adaptec expects to top 20 cents per diluted share, while the expectations ranged from 14 to 19 cents a share, a reversal of fortune at a firm that lost $24 million in its latest quarter.
Bear Stearns raised Adaptec to "attractive" from "neutral."
No stopping those Net stocks?
Despite a downtrend on the Nasdaq Composite, Internet stocks continued their blustery pace.
The provider of web-page addresses Network Solutions (NSOL) exploded up 26-1/4 to 198-1/4, Internet service provider MindSpring Enterprises (MSPG) soared 13 to 88-1/18, and Amazon.com (AMZN) rallied 11-1/16 to 149-1/16.
Among Internet portals, Yahoo! (YHOO) shot up 22-7/8 to 313-7/8, Lycos (LCOS) bounded up 7 to 73, while Infoseek (SEEK) rose 2 to 54-3/16 and Excite (XCIT) edged up 2-1/2 to 53-1/2. 
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