Walker Interactive Systems (Nasdaq: WALK) had a market value of about $47.3 million before trading started today. Shortly after the opening bell, the e-business solutions company was worth more than $182 million as the stock gained 9-5/8 to 13, a climb of more than 285 percent. The dramatic rise came after Walker announced a strategic alliance with Commerce One (Nasdaq: CMRC). The companies have formed a joint marketing and development partnership that integrates Commerce One’s technology with Walker’s e-procurement solution.
Commerce One was down 1-3/8 to 316-1/2 in early trading today, but it remains one of the top-performing stocks of the year. Its market value of $7.6 billion makes Walker’s market value look tiny by comparison, but Commerce One is being treated by investors like it is almost magical right now. Both Walker and Commerce One could continue to climb simply because of the frenzy surrounding e-commerce infrastructure stocks.