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Applications

Motive fails to fly in IPO

The software maker sees only a slight rise in its share price in its second attempt at a stock offering.

Not every company is seeing 50 percent-plus gains on the first day of trading like Salesforce.com. Austin, Texas-based Motive, which makes diagnostic and self-help software for PCs and other types of electronic devices, sold 5 million shares at $10 each on Friday in its initial public offering. The stock has stayed under $11 on the first day of trading on the Nasdaq. The company is trading under the ticker MOTV.