NetObjects Rockets on Report of Hewlett-Packard Deal

Tech Movers

TSC Staff

07/30/01 - 09:00 AM EDT

NetObjects (NETO Quote) was up 121.5% in preopen Island trading on a report from CBS Marketwatch that the software company will announce a three-year multimillion-dollar deal with Hewlett-Packard (HWP Quote) today.

According to the article, the deal allows H-P to use NetObjects software in its digital imaging devices. Hewlett-Packard may renew the deal after two years. NetObjects will receive a price for each device shipped plus a share of revenue from related services, the article said.

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