Thursday, November 17, 2005
Nokia Buying Intellisync In Bid To Go After Enterprise
Posted by Ed Hansberry in "THE COMPETITION" @ 07:00 AM
http://www.businessweek.com/ap/financialnews/D8DTKO404.htm?campaign_id=apn_tech_down&chan=tc
"Intellisync Corp. on Wednesday said it agreed to be acquired by Nokia Corp., the world's top cell-phone maker, for about $430 million. Under the deal, Nokia will pay stockholders $5.25 for each Intellisync share, a 5 percent discount to its Tuesday closing price of $5.54."
Well, being bought at a discount to current price stinks for existing shareholders. :? Intellisync has a server product that works with various mobile devices that Nokia plans to combine with its Nokia Business Center Software. The deal should close in three to four months. Nothing has been said on what will happen with software Intellisync makes that is targeted at individuals.
"Intellisync Corp. on Wednesday said it agreed to be acquired by Nokia Corp., the world's top cell-phone maker, for about $430 million. Under the deal, Nokia will pay stockholders $5.25 for each Intellisync share, a 5 percent discount to its Tuesday closing price of $5.54."
Well, being bought at a discount to current price stinks for existing shareholders. :? Intellisync has a server product that works with various mobile devices that Nokia plans to combine with its Nokia Business Center Software. The deal should close in three to four months. Nothing has been said on what will happen with software Intellisync makes that is targeted at individuals.
