Stocks Soar as Stamps.com Teams With Intuit
Stamps.com will be integrated into the 2001 versions of Quicken Basic, Quicken Deluxe and Quicken Home & Business, the companies said yesterday. Stamps.com embeds its software into the installation disks of America Online 5.0 and Hewlett-Packard printers.
A year ago, Microsoft said it would offer Stamp.com's services through its Office Update Web site, giving the company access to millions of users of the popular Office suite of business software.
Though Stamps.com has yet to be profitable -- losing $34.4 million this year in the first quarter -- shares jumped almost 50 percent after the announcement.