This little company took a hammering . . .



But right now, after the market reaction to the latest interim results, the co is trading with a mkt cap of only 7 million, just above its NAV of 5.5 mil. This figure includes over 4.9 mil of cash and over 0.5 mil of debtors.

The company, an "international developer and provider of mobile device management and synchronisation solutions" has signed a number of contracts in recent months:



o Significant customer and partner sales contracts signed, e.g. IXI Inc,
Netcom, Red Bend, Orange UK, T-Mobile.


I'm posting this for your information and eventual comment - not a recommendation without further research being done, but one I've been watching for several months just out of interest. Any comments?

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