To: Caxton Rhodes who wrote (51843 ) 11/27/1999 7:10:00 PM From: limtex Respond to of 152472
CR - Take a look at this concerns all the previous posts I have made on the subject. There is something going on with all this. Best regards,, LLondon, Nov. 26 (Bloomberg) -- GEO Interactive Media Group Plc shares rose for the second day on investor enthusiasm for its agreement with Samsung Electronics, which will license Geo's technology for playing audio and video on mobile phones. The shares rose as much as 174.5 pence, or 29.5 percent, to a record of 766p. Yesterday, they rose 62 percent to 591.5p. The shares have risen 3000 percent this year. Samsung will pay Geo a licensing fee worth ``several million U.S. dollars' for the rights to market the products. Geo will also receive royalties from sales. Geo's software allows voice messages, music and video to be played through a Web browser without extra ``plug-in' software. That makes it attractive for makers of mobile phones, which have limited memory for extra software. Geo's shares, which have doubled in value this week alone, are the best-performing this year on the Bloomberg European Internet Index. ``We are very pleased to be working with the No. 1 manufacturer of CDMA cellular handsets,' said Shai Schiller, Geo's chief executive officer. CDMA stands for Code Division Multiple Access, a technology for digital cellular phones developed by Qualcomm Inc. Its shares rose 9 percent on Nov. 10, when Energis Plc agreed to pay 15 million pounds ($24 million) for a 5.6 percent stake in the company and the European rights to sell its software for playing online music and movies. The agreements are a boost for Givatayim, Israel-based GEO, whose first-half sales fell to $311,000, less than half the year- earlier figure.