Shares of Blue Martini Software surged Thursday after the company said it had inked an engineering, marketing and sales deal with Intel.
The software company’s stock continued its strong recent run, moving up 1.84 to 15.15. Intel slipped 0.31 to 32.25.
Blue Martini’s stock has rebounded of late after being downgraded by Goldman Sachs earlier this month. The company surged 50 percent on Tuesday after it was cited as one of Readerman's Stock Picks in Barron's.
Under today's agreement, Blue Martini (Nasdaq: BLUE) will integrate its business-to-business customer integration software for the Intel Corp.’s (Nasdaq: INTC) Pentium Xeon and upcoming Itanium chips. In addition to technological cooperation, the companies will jointly promote and market the integrated platform.