Shares of e-commerce software company i2 Technologies climbed nearly 23 percent, gaining 7-1/2 to 40-9/16 on Wednesday, after Goldman Sachs upgraded the company from market outperform to its recommended list and Morgan Stanley Dean Witter initiated coverage with an outperform rating.
Meanwhile, CS First Boston reiterated its strong buy rating and Hambrecht and Quist reiterated its buy rating.
On Tuesday, i2 announced the release of its RHYTHM Internet Fulfillment Server, a highly scaleable software solution that links online customer ordering with an entire network of suppliers and vendors.
Like Oracle, i2 is a company that will grow as the Internet grows, but it’s also a profitable company whose stock isn’t as volatile as those of most Internet companies.
There are a lot of big players keeping an eye on i2, so this certainly looks like a company to watch.