Logility's shares are climbing up!

Filed in archive News on December 9, 2005

According to Smartmoney, A TINY MAKER OF supply-chain software has been supplying its own chain of good news this week.
Logility (LGTY: 9.35, +0.59, +6.7%) announced a lucrative new licensing deal on Wednesday that sent its shares climbing 14% to $8.76. That gain comes on the heels of a 44% jump in the stock's price on Monday, when the Atlanta-based company posted a strong quarterly earnings report. Since Friday's close Logility's shares are up 64%.

In an early morning press release Logility said School Specialty (SCHS: 36.84, +0.02, +0.1%), the nation's largest supplier of just about everything for classrooms except textbooks, will use Logility Voyager Solutions software to forecast customer demand and manage inventory. The software, according to Logility, will help School Specialty "reduce days-on-hand inventory [shelf time], decrease carrying costs and better serve customers."

Well, congratulations !