Wednesday, November 16, 2005

Nokia to Buy Intellisync for $430 Mln to Add Business Products

Nov. 16 (Bloomberg) -- Nokia Oyj, the world's largest mobile-phone
maker, agreed to buy Intellisync Corp. for $430 million to add
wireless messaging and other mobile applications for businesses.

Intellisync stockholders will receive $5.25 per share in cash for each
Intellisync common share, Espoo,

Finland-based Nokia said in an e-mailed statement today. The
transaction is expected to be completed in the first quarter of 2006,
according to Nokia.

Intellisync, based in San Jose in California, was founded in 1993 and
has approximately 450 employees, Nokia said.

www.bloomberg.com

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