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i-mate rebounds on Telstra deal

Created:
13 February 2008
Written by:
Tim Bradshaw

I-mate's shares leapt 25 per cent on news the mobile-phone maker had signed a distribution deal with Telstra, one of Australia's largest telecoms companies.

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Telstra, which has been an i-mate partner for five years, will be the first operator in the world to offer two of i-mate's Ultimate devices to its customers.


SHARE TIP UPDATE

HighEnough

Operator support is crucial for volume sales of i-mate's latest devices. But after recentwrite-downs and supply problems, substantial execution risk remains. High enough at 20p.

LAST IC VIEW: Sell, 21p, 16 Jan 2008 - i-mate falls on supplier problems


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