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Technology Stocks : Phone.com [PHCM]

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To: Pat Hughes who wrote (752)12/21/1999 6:43:00 PM
From: Walcalla  Read Replies (1) of 1080
 
Finance News techweb.com

Phone.com To Acquire AtMotion
(12/21/99, 5:10 p.m. ET) By Loring Wirbel, EE Times
Phone.com, the pioneer of WAP, has made a stock offering worth approximately $285 million to acquire AtMotion, a developer of voice portal technology.

Phone.com said it plans to integrate AtMotion's Internet Voice Portal technology into the MyPhone personal portal and the Up.Link Server suite WAP 1.1 platform.

The goal of Phone.com (formerly known as Unwired Planet) is to create a unified phone/PDA platform capable of handling WAP, short message service, and enhanced circuit voice capabilities such as unified messaging and voice recognition. The resulting integrated product will compete in part with products from vendors such as General Magic and Wildfire. Phone.com picks up 40 employees with its acquisition of @Motion, 30 of whom are engineers.
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