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IN BRIEF / TECHNOLOGY

Stamps.com to Halt PhotoStamps Program

September 30, 2004|From Bloomberg

Stamps.com Inc., which sells postage stamps over the Internet, said the U.S. Postal Service had asked it to suspend its trial PhotoStamps program for evaluation.

Stamps.com will stop taking orders Friday for PhotoStamps, which allow customers to turn their photographs into postage stamps, the Santa Monica-based company said.

The Postal Service will decide within 90 days whether to allow the program to continue, the company said.

Trading was halted before the announcement. The stock gained 49 cents to $12.66 on Nasdaq.

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