Stock Watch: Software.com Also Climbs

Another Internet IPO that climbed — but perhaps not as much as many expected — on Thursday was Software.com, which develops products and services that are designed to enable Internet service providers to market Internet messaging services to businesses and consumers. Shares of Software.com priced at $15 – up from its original price range of $10 to $12 — and gained more than 20 percent on Thursday, rising 3-1/16.

Like Cybersource, Software.com probably suffered from a weak day of the market in a week when IPOs are flooding the street. Some investors might be saving their money for today, when five Internet companies — including Juniper Networks and Stamps.com — are expected to go public.

Software.com should, however, benefit in the long-term from the deals it has with big companies like IBM, Cisco and AT&T.

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