One of the biggest risers on Wall Street Friday was Silknet Software (Nasdaq: SILK), which develops e-commerce software. Shares of Silknet climbed more than 41 percent, rising 11 to 37-1/2. Rumors are circulating about Silknet being a takeover target that could fetch a big premium. Silknet’s manufactures software that allows businesses to offer personalized marketing, sales, e-commerce customer support services through a single Web site interface. The company’s clients include name-your-price retailer Priceline.com and software superstore Beyond.com Silkent went public on May 5 at $15 a share and closed its first day of trading at 35-1/8. The stock has held relatively strong, considering the recent bloodletting in the Internet sector, and could continue to climb if the acquistion talk heats up.
One of the biggest risers on Wall Street Friday was Silknet Software (Nasdaq: SILK), which develops e-commerce software. Shares of Silknet climbed more than 41 percent, rising 11 to 37-1/2. Rumors are circulating about Silknet being a takeover target that could fetch a big premium.
Silknet’s manufactures software that allows businesses to offer personalized marketing, sales, e-commerce customer support services through a single Web site interface. The company’s clients include name-your-price retailer Priceline.com and software superstore Beyond.com
Silkent went public on May 5 at $15 a share and closed its first day of trading at 35-1/8. The stock has held relatively strong, considering the recent bloodletting in the Internet sector, and could continue to climb if the acquistion talk heats up.
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