Shares of Broadvision, which supplies companies with e-commerce software and services, roared ahead on Monday after the company sent out a press release with news that wasn’t really new. However, the announcement did reassert that Broadvision is an industry leader, and that was more than enough for Wall Street. Broadvision stock closed up 6-9/16 to 66-5/16 on Monday.
As for the press release, Broadvision cited “recent International Data Corp. figures” and a “First Call Research report published by ABN Amro” as proof that the company had increased market share and become a market leader last year.
There’s no doubt that Broadvision is a solid company, but didn’t Wall Street already know this?