DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Wave Systems Corp. (WAVX) shares shot up for the second straight day on news that the company signed a deal with International Business Machines Corp. (IBM) to put its security software onto the computer maker's laptops and desktops.
In a press release early Monday, Wave Systems, Lee, Mass., said its security software would be included in IBM's ThinkPad notebooks and ThinkCentre desktops.
Financial terms were not disclosed.
Shares recently traded at $4.95, up 53 cents, or 12%, on Nasdaq volume of 24.6 million, compared with average daily volume of 2.2 million. Shares rose 21.1% Monday.
