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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| I-Mate | LSE:IMTE | London | Ordinary Share | GB00B0J0C046 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.12 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:7640L
i-mate plc
15 January 2008
For immediate release 15 January 2008
i-mate plc
Notice of trading
i-mate plc (London AIM:IMTE), the specialist in Microsoft Windows Mobile(R)
devices and software applications, today announces that one of its leading chip
suppliers has failed to supply its manufacturers with the required volume of
chips over this quarter. In addition, a recent court ruling against the same
chip supplier over IP infringements means that i-mate will not be able to sell
some of its devices in the USA. These events will significantly disrupt its
strategy for the US market and as a consequence its Microsoft channel roll out.
As a result there will be a material impact on sales in the final quarter of the
current year and there are consequent costs that need to be written off. The
Company is evaluating the precise financial impact for this financial year and
beyond.
Accordingly the board is reviewing its strategic alternatives at this time.
Jim Morrison, CEO of i-mate plc commented:
"This is hugely disappointing for the Company and although we have devices which
are not dependent on this chip set, it has a significant impact on the range of
product we have to sell. We have no alternative but to review the strategic
options for the Company at this time".
For further information please contact:
i-mate plc
Jim Morrison Tel: 00 971 4367 8500
JPMorgan Cazenove
Nicholas Garrett Tel: 0207 588 2828
Buchanan Communications
Mark Edwards/Jeremy Garcia/Robin Haddrill Tel: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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