Shares of Applix Inc. (Nasdaq: APLX) rallied up 3 1/16, or 28 percent, to 14 3/16 Tuesday after debuting its iTM1 browser on the Internet. The multidimensional browser allows users to perform data analysis on the Web or through their corporate intranet.
Applix officials said users can utilize real-time modeling and predict future needs and requirements through a Web-based browser. With in-depth analysis, companies can better understand financial and operational performance and customer behavioral patterns and lifecycles.
"iTM1.web compliments our Internet front-office strategy because it graphically displays customer-driven information and helps users to share it globally via the web," said Martin Richmond-Coggan, Applix's Vice President of Analytic Solutions.
Two weeks ago, Applix posted a profit of $847,000, or 7 cents a share, on sales of $14.6 million in its third quarter.
In the year-ago quarter, it earned $181,000, or 2 cents a share, on sales of $12 million.
Its shares moved up to a 52-week high of 24 11/16 in September after falling to a low of 2 3/16 last October.
One of the two analysts tracking the stock rates it a "buy" while the other calls it a "hold."