Nokia to buy Intellisync for $430m; Symbian boasts Q3 131% shipment increase

- Gary Thayer, Editor

Nov. 16, 2005 -- (MobileVillage) -- Nokia (NYSE: NOK) and Intellisync (NASDAQ: SYNC) today announced they have signed a definitive agreement for Nokia to acquire Intellisync, a provider of platform-independent wireless messaging and applications for mobile devices.

Intellisync was founded in 1993 and has about 450 employees. The company's technology allows for synchronization of data and files across software applications.

Nokia recently launched its "Nokia Business Center", a software package enabling push email and other collaborative business applications. According to Nokia, the Intellisync acquisition will allow customers "the ability to connect practically any device to any data source, application, or network."

Under the terms of the agreement, Intellisync stockholders will receive US $5.25 per share in cash for each Intellisync common share, implying an enterprise value of about US $430 million or EUR 368 million (on a fully-diluted basis). The transaction is expected to be completed in the first quarter of 2006.

In related news, Symbian Ltd., developer and licensor of Symbian OS, today released unaudited financial and operational figures for the third quarter ended 30th September 2005. Nokia is a major stakeholder in Symbian. Report highlights include:

- Q3 2005 shipments of Symbian OS phones rise 131% to reach 8.54m (Q3 2004 - 3.70m), taking shipments in 2005 so far to more than 23m (Q1-Q3 2004 - 8.69m).

- Symbian OS worldwide installed base reaches almost 48 million phones.

- 60 separate Symbian OS phone models shipping worldwide from eight licensees at 30 September 2005 (30 September 2004 - 29 phone models, six licensees).

- 56 Symbian OS phone models are under development by 11 licensees (end of Q3 2004, 38 phones & variants and 10 licensees) (see Notes to Editors for definitions).

- Six new Symbian OS phone models commenced shipping in Q3, from Fujitsu, Mitsubishi and Nokia and Samsung, bringing the total number of phones commencing shipment in 2005 so far to 24. The older Nokia 6680 has been recognised by IDC as the world's best selling 3G handset.

- 4, 409 third party applications for Symbian OS phones are now commercially available, up 57% (end Q3 2004 - 2,801 applications).

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