Chordiant Software Inc. (Nasdaq: CHRD) took off 93 percent, or 5 1/16 to 10 1/2 Monday, though it was difficult to pin-point the reason for the customer-communications software maker's sudden gains.
Monday's gains accompanied a press release which announced a new software that will enable its clients to use their Palm (Nasdaq: PALM) Pilots or Web phones to communicate with customers.
But shares also leapt after Friday's closing bell. The stock was up 2 3/4, or 34 percent, at 8 3/16 Friday night. Though its still far below its 52-week high of 54 1/16, reached just after its IPO, the stock has made a considerable recovery from its low of 5 1/4.
News of the press release may have leaked out, but busy message boards also suggested a buyout rumor. Seibel Systems (Nasdaq: SEBL), down 3 3/16 to 130 1/4 Monday, was the suspected buyer.
The company's new suite of eBusiness software, Chordiant v 2.0, brings together live and remote customer communication. It allows companies to use a common standard for communication across devices such as Internet Web sites, in-car concierge systems, WAP-enabled devices (Wireless Application Protocol), supporting mobile Internet phones and PalmPilot devices, traditional call centers, and retail sites.
Chordiant's software also has buzz based on its XML-and XSL-based architecture. The new platform also enables mobile Internet support for WAP 2.0 devices such as PalmPilots and cellular phones, an XML-based self-serve application, and an email response tracking system that enables live agents to follow-up on self-serve requests.
Chordiant's competitors include PeopleSoft (Nasdaq: PSFT) and Clarify, a subsidiary of Nortel Networks (NYSE: NT) according to Hoover's Online.
All three analysts that cover the stock were unavailable for comment.