Smith Micro Software Inc: Key Developments
Smith Micro Software, Inc. Lowers FY 2009 Revenue Guidance
November 4, 2009 |
| Smith Micro Software, Inc. lowered its fiscal 2009 revenue guidance to a range of $105-110 million from the range of $110-115 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $111 million for the same period. |
Smith Micro Software, Inc. Announces Agreement To Acquire Core Mobility, Inc.
September 14, 2009 |
| Smith Micro Software, Inc. and Core Mobility, Inc., a developer of mobility software and solutions, announced the signing of an agreement and plan of merger whereby Smith Micro will acquire Core Mobility. Core Mobility will survive as a wholly owned subsidiary of Smith Micro. Consideration to be paid by Smith Micro for this transaction consists of $10 million cash and 700,000 shares of Smith Micro common stock. In addition, Core Mobility may have the ability to earn additional cash consideration in the form of an earn-out, contingent on achieving certain milestone deliverables for product development and deployment. The transaction is expected to be completed in the fourth quarter of 2009. |
Smith Micro Software, Inc. Announces Proposed Shelf Registration Statements
August 3, 2009 |
| Smith Micro Software, Inc. announced that it intends to file a universal shelf Registration Statement on Form S-3 and an acquisition shelf Registration Statement on Form S-4 with the Securities and Exchange Commission within the next 30 days. The Company has no immediate plans or current commitments to raise capital under the universal shelf on Form S-3 or utilize the shelf Form S-4 for an acquisition transaction. The terms of any offerings under these shelf registrations will be determined at the time of the offering and disclosed in a prospectus supplement filed with the Securities and Exchange Commission. Once declared effective by the Securities and Exchange Commission, the universal shelf on Form S-3 will permit Smith Micro to sell, in one or more public offerings, up to 4,000,000 shares of its Common Stock. The acquisition shelf registration statement on Form S-4 will, once declared effective, enable Smith Micro to issue up to 1,000,000 shares of its Common Stock in one or more acquisition transactions that the Company may make from time to time. These transactions may include the acquisition of assets, businesses or securities, whether by purchase, merger or any other form of business combination. |
Smith Micro Software, Inc. Reaffirms FY 2009 Revenue Guidance
August 3, 2009 |
| Smith Micro Software, Inc. reaffirmed its fiscal 2009 revenue guidance and expects revenue to be in the range of $110-$115 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $111 million for the same period. |
Smith Micro Software, Inc. Announces Agreement With DigitalBridge Communications To Deliver WiMAX Connectivity Management
July 21, 2009 |
| Smith Micro Software, Inc. announced that it has been selected by DigitalBridge Communications Corp., to deliver 4G connection management software to support its initial WiMAX rollout deployment for markets in Idaho, Indiana, Montana, South Dakota, Virginia and Wyoming. Through this agreement, Smith Micro Software will customize its connection manager technology to support mobile WiMAX network access for DigitalBridge's subscribers across a wide variety of devices. |
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