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Shares of Stamps.com surged 33percentt after Intuit said it would add the online postage provider to the 2001 versions of its Quicken home and business financial software products.
STAMPS.COM INC., Santa Monica, Calif., the largest Internet postage provider, said it had sold the assets of a unit, iShip.com Inc., to United Parcel Service Inc., Atlanta, to focus on mailing and deliveries for small businesses and home offices.
Stamps.com stmp rose 3.9% after the online postage provider said it will buy closely held iShip.com.
The leading online service provider also will invest millions of dollars in the postage provider.
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When the custom stamp program was reauthorized this month, the agency permitted custom stamp providers to offer presort postage rates.
[C9.] Little Appeal for Online Stamp Sales By all accounts, the increase in postage rates should have had consumers turning to Internet stamp providers rather than standing in line.
The huddled masses would seem to have been prime targets for Internet stamp providers, which allow customers to sit in the air-conditioned comfort of their homes and offices, pumping out new postage from inkjet printers.
The E-Stamp Corporation, a provider of online postage software, said yesterday that it would phase out its Internet postage products and cut its work force by about 30percentt.
Old analog postage scales do not provide postage prices.
But for the big Internet access providers, or I.S.P.'s, the prospect of e-mail postage creating a new revenue stream that could help offset the cost of their e-mail systems is undeniably attractive.
In the first stage (December 2006), the service provider mailed an invitation letter, an informed consent form and a return envelope (postage paid) to 3,000 persons.
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