While most Internet stocks struggled on Monday, shares of e-commerce solutions provider Broadvision (Nasdaq: BVSN) climbed 3-1/16 to 72-3/4. Earlier Monday, Broadvision announced that its technology was being used to power Home Depot’s newly launched Web site.
Investors are also bullish about Broadvision’s record second-quarter earnings, which were announced last Thursday. Revenues for the quarter were $23.5 million, a 106 percent increase over the second quarter of 1998. Net income was $3.3 million or 12 cents per share, compared to three cents per share in the 1998 second quarter.
With many e-commerce companies nowhere close to making money, the already profitable Broadvision looks like a pretty good option for investors interested in e-commerce. Numerous brick-and-mortar businesses are currently scrambling to get online, and for many of them to do so, they’re going to need the services of a company like Broadvision.