Stock Watch: Climbs On News of Alliances

Shares of online postage company (Nasdaq: STMP) climbed more than nine percent on Thursday, gaining 2-15/16 to 34-3/4 after the company announced a partnership with 3M and announced details of its alliances with Lotus and ZDNet.

Under the terms of the 3M deal,’s service will be available to users of 3M’s stationery products. The alliance with Lotus means that will be accessible through an icon in Lotus Organizer Release 6. Lotus Organizer has more than 42 million users worldwide. The ZDNet deal means’s service will be featured on ZDNet, which reaches 8.5 million monthly visitors.

The news for is good, of course, but it is hard to put a price on a company that hasn’t had any revenue yet. The company says it has pre-registered approximately 100,000 users for its service, which is expected to launch later this month. Only then will investors have a clearer picture of what this company is really worth.

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