Puma Technology, Inc. Announces Filing of Initial Public Offering of 3,000,000 Shares of Common Stock

Business Wire, Nov 11, 1996

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 11, 1996--Puma Technology, Inc. today announced that it has recently filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 3,000,000 shares of Common Stock, including 2,500,000 shares from the Company and 500,000 shares from the Selling Stockholders. The Company has granted to the Underwriters an option to purchase up to 450,000 additional shares from the Company for the purpose of covering over-allotments, if any. The offering price is expected to be between $8 and $10 per share. Deutsche Morgan Grenfell and Alex Brown & Sons Incorporated are acting as co-managers of the proposed underwriting group.

Puma Technology, Inc. develops, markets, and supports mobile data exchange software which allows users to easily access, exchange and synchronize information stored on a variety of different devices, including notebook and handheld computers, personal electronic organizers, smart phones and smart pagers.

Copies of the preliminary prospectus relating to the offering may be obtained from Deutsche Morgan Grenfell, 31 West 52nd Street, 2nd Floor, New York, NY 10019, Phone: (212) 469-7000; Fax: (212) 469-5995.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. -0-

Note to Editors: Puma Technology is a trademark of Puma Technology, Inc.

CONTACT: Puma Technology

Bruce Nakao, 408/321-3863

or

McGrath/Power Public Relations

Jonathan Bloom, 408/727-0351

jonathan_bloom@mcgrathpowerpr.com