Positive report cited as the reason.
Denis:
I hope that is not the only reason,sheeesh! If it is the only reason
then somebody is not getting it,I am afraid.
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Monday November 9, 3:13 pm Eastern Time
i2 Technologies up, upbeat report cited
NEW YORK, Nov 9 (Reuters) - Shares in i2 Technologies Inc. powered higher on Monday, elevating alongside several other high-tech issues following favorable mention in an article in business weekly Barron's, analysts said.
i2 Technologies traded up four at one point, standing 3-15/16 higher at 25-1/4 in midafternoon trade.
i2 was named by two of three mutual fund managers who listed favorite stocks in a roundtable interview in the November 9 issue of Barron's.
The company, which makes software for supply chain management, said it made no formal announcements on Monday. A company spokeswoman and analysts who cover the company cited the story for the rise.
''It's a good company; I agree with what they said in the article,'' said an analyst who follows i2.
Among the other companies given positive reviews by the technology stockpickers quoted were PMC-Sierra Inc. (Nasdaq:PMCS - news), up three at 50-13/16, and Netscape Communications Corp. (NCSP - news), also up three at 28-3/8.
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