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 Virtuallender.com 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.
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
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.