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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.
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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-IC-1.9.0c-prod - 15/05/2009 11:00:33 - stuart.turner
