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New wireless product boosts Smith Micro shares

Smith Micro Software, Inc. (Nasdaq: SMSI) moved up Wednesday after announcing a wireless e-commerce product.

The communications software vendor's shares were up 4 to 10 1/8, or 65 percent Wednesday morning. Other small stocks are getting snapped up lately on wireless advances, such as SpeedUs.com Inc. (Nasdaq: SPDE).

Smith's Wireless WebDNA technology allows users to access eCommerce sites through wireless phones. Using Smith Micro's software, websites can become Wireless Application Protocol (WAP) enabled.

Wireless WebDNA will be part of the Smith's upcoming release of WebCatalog 4.0, Smith Micro's eCommerce toolkit.

Shares of Smith began rising at the beginning of this month, when the company unveiled its wireless and broadband division. Since the start of March, Smith's stock price has risen nearly 175 percent.