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BUSINESS: HTC acquires IA Style
Posted by Arne Hess - on Monday, 03.11.03 - 13:27:26 CET under 01 - General News - Viewed 7799x
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According to DigiTimes Taiwan, HTC (well known ODM and the maker of Compap's iPAQs, O2's xda and several Smartphones like the Orange SPV series) acquires IA Style (well known software developer for Pocket PCs and Smartphones):

Under the merger plan, every 5.42 shares of IA Style would be converted to one HTC share. After the merger, HTC will be the surviving company.
HTC will issue 1,567,347 new shares next year to acquire 100% ownership in IA Style. The deal is to be completed on April 1, HTC said. The new shares will account for 0.77% of HTC's total outstanding shares.

IA Style specializes in software R&D and system integration for handheld products. It has been assisting HTC in software development and integration for such product areas as PDA phones and smartphones.

The acquisition would increase the competitiveness of HTC in such product areas as PDAs, PDA phones and smartphones, and enhance HTC's product application development and integration capacity, said company CEO H.T. Cho.

IA Style software is already pre-installed in the latest ROMs for the PPCW.Net i-Mate Smartphone as well as in the latest HTC product, the O2 xda II/T-Mobile MDA II.

However, these kind of pre-installations limits the users in selecting other products for their device like changing a caller ID from the pre-installed IA Style application to another one or using a different image browser. Therefore I'm not a big fan of these kind of pre-installations since users should be free to select the application they want to use.

Cheers ~ Arne


 
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