NEWS RELEASEBruce Nakao
Puma Technology, Inc.
2940 North First Streeet
San Jose, CA 95134
McGrath/Power Public Relations
PUMA TECHNOLOGY, INC. ANNOUNCES INITIAL PUBLIC OFFERING OF 3,900,000 SHARES OF COMMON STOCK
SAN JOSE, Calif.- (12/6/96)--Puma Technology, Inc. (NASDAQ: PUMA) announced yesterday the initial public offering of 3,900,000 shares of its Common Stock at a price of $9.50 per share. The offering is being managed by Deutsche Morgan Grenfell Inc. and Alex. Brown & Sons Incorporated. Of the total, the Company will sell 2,500,000 shares and certain selling stockholders will sell 1,400,000 shares. In addition, certain of the selling stockholders have granted to the Underwriters an option to purchase up to 585,000 additional shares from the Company for the purpose of covering over-allotments, if any.
Puma Technology, Inc. develops, markets, and supports mobile data exchange software which allows users to easily access, exchange and synchronize information stored on a variety of different devices, including notebook and handheld computers, personal electronic organizers, smart phones and smart pagers.
Copies of the final prospectus relating to the offering may be obtained from Deutsche Morgan Grenfell, 31 West 52nd Street, 2nd Floor, New York, NY 10019. Phone (212) 469-7000; Fax (212) 469-5995.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
# # #Puma Technology is a trademark of Puma Technology, Inc. that may be registered in some jurisdictions.
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