Internet Investors Laugh All the Way to the Net.B@nk

The company is benefiting from plans for a stock split.
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SAN FRANCISCO -- The past week has been quite an eventful one for Net.B@nk (NTBK) investors. Shares of the online banking site have soared since the company reported it had signed up a record number of retailers in its first quarter last week, and news today that the company would split its stock 3 for 1 has kept the stock on the rise.

Net.B@nk was lately trading up 40, or 25%, at 198 1/2. The stock traded as low as 77 April 5.

In related news,

(VLDC:OTC BB) is up for the second day in a row after saying it had entered into an agreement with Net.B@nk that allows it to process mortgage loans faster and provide better pricing. Shares of were up 6 1/2, or 69%, at 15 7/8, though they remain far off their high of 25.

Informative News from Informix

A couple of developments at



, a maker of software for e-commerce sites, are helping the company's stock edge higher today.

Informix said it was partnering with


, a maker of e-commerce technology, to ensure secure online business transactions. The company is also teaming with

Active Software Link

, a supplier of network-based integration software products, in a marketing deal. Informix was lately trading up 1 5/8, or 23%, at 8 5/8.

Ericsson Acquisitions

Shares of Sweden-based



are off slightly after the supplier of wireless and wireline telephone equipment announced that two recent Internet-related transactions could have a negative impact on its upcoming earnings. Ericsson acquired

Torrent Networking Technologies

for $450 million in cash and bought


, which makes gear based on the Internet protocol system, for $46 million.


suggested that the company was behind in its data-networking acquisitions in a story

last week.

Following Ericsson's announcement,

Credit Suisse First Boston

reiterated its strong buy rating on the stock with a price target of 40. Shares of Ericsson were recently trading 1/16 lower at 25 7/16.