Pumatech’s optimism is based on its belief that activity in the mobile device market is heating up, which should spur increased adoption by enterprise customers, who are moving from the pilot test phase to adoption of various technologies.
The company has a far from impressive financial record and revenue had been on the slide before its first-quarter recovery. Pumatech suffered as the wireless device market failed to live up to its early promise and the company flirted with delisting as the stock plunged as low as $0.18 last year before recovering to the current level of $1.17. With alliances with companies of the stature of Microsoft, Oracle, SAP and NEC, it is well placed to benefit if it belief that the market is about to take off proves correct.
Source: Computerwire
