Puma Technology Declares 2-for-1 Stock Split; Board Of Directors Approves Stock
Split
Business Editors
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 23, 2000--Puma
Technology, Inc. (Nasdaq:PUMA), a leading provider of mobile device
management and synchronization software, announced today that its
Board of Directors has approved a two-for-one split of its common
stock. The stock split will be affected as a stock dividend.
Stockholders of record as of the close of business on March 8, 2000
will be issued a certificate representing one additional share for
each share of common stock held on the record date. These certificates
will be distributed on March 22, 2000. The stock split will increase
the number of shares of common stock outstanding from approximately
15,600,000 shares to approximately 31,200,000 shares. The 31,200,000
outstanding shares exclude an additional 10,000,000 shares reserved
for issuance upon the closing of the NetMind merger adjusted on a
post-split basis. The pending acquisition of NetMind is expected to
close in the Company's third fiscal quarter.
ABOUT PUMA TECHNOLOGY
Puma Technology is a leading provider of mobile device management
and synchronization software that enables consumers, mobile
professionals and information technology officers in the corporate
enterprise to harness the full capabilities of handheld
organizers/computers, "smart phones" and other wireless personal
communication platforms. The Puma Technology(R) Intellisync software
platform is the global standard for synchronization and control of the
critical connection between handheld devices and vast stores of
information found in corporate databases, the Internet and individual
desktops. Puma is the only company that provides an end-to-end
handheld management solution that addresses virtually every scenario
for synchronization, total customization of device-based applications,
centralized backup, security, information flow control, notification,
and browsing of critical information. The Company's Intellisync
platform enables the management and development of software to make
handheld devices true extensions of the corporate server, the Internet
and individual desktops. The Intellisync platform enables mobile
access to up-to-the-minute, accurate, "anytime, anywhere" information
and has been adopted worldwide by individuals, companies, mobile
device manufacturers, telecommunications carriers and on-line contact,
calendar and event services. The Company, headquartered in San Jose,
Calif., maintains a web site at www.pumatech.com.
The forward looking statements above in this news release are
based on current expectations and beliefs and are subject to numerous
risks and uncertainties that could cause the actual results to differ
materially. Factors that could cause actual results to differ
materially include uncertainty related to consummation of proposed
acquisition, the ability to obtain shareholder approval, difficulties
of integrating the two companies' operations, the timely availability
and acceptance of new products and upgrades, the impact of competitive
products and pricing, consummation of binding agreements with
prospective business partners, as well as additional risk factors, as
discussed in the "Risk Factors" section of Puma Technology's Annual
Report on Form 10-K dated July 31, 1998, and Puma Technology's
quarterly reports filed with the U.S. Securities and Exchange
Commission. Puma Technology disclaims any obligation to update any
forward-looking statements as a result of developments occurring after
the date of this press release.
Note to Editors: Puma Technology, Puma Technology logo,
Intellisync, Satellite Forms and Intellisync Anywhere are trademarks
of Puma Technology, Inc. which may be registered in some
jurisdictions. ProxiWare and ProxiWeb are trademarks of ProxiNet, Inc.
All other product or company names are trademarks of their respective
owners.
--30--mi/sf*
CONTACT: Puma Technology
Kelly Hicks, 408/321-7650
invrel@pumatech.com |
