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Goamerica Inc (NASDAQ NM) Chart Financial Analyst Insider Msg News Option SEC
GOAM 2.65 +1.53 +136.61% Vol:7,402,600 1:13pm 12/11/01
News Headlines for GOAM
GoAmerica shares more than double on IBM deal
12/11/2001 10:27:00 AM
NEW YORK, Dec 11 (Reuters) - Shares of GoAmerica Inc. (GOAM) more than doubled in value on Tuesday after IBM, the world's largest computer maker, said it would resell the company's wireless technology to its customers.
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GoAmerica's shares climbed 114 percent, or $1.28, to $2.41 in morning trading on the Nasdaq, where the stock was one of the most active issues.
Shares of IBM were up 0.99 percent, or $1.18, at $120.80 on the New York Stock Exchange.
New Jersey-based GoAmerica makes technology that enables employees to access corporate data or surf the Internet from wireless handheld devices such as a Palm or laptop computer.
Under the deal, International Business Machines Corp. (IBM) said it would resell GoAmerica's wireless technology to its customers as well as jointly sell wireless products with GoAmerica to other businesses.
As part of the deal, GoAmerica and IBM said they have established joint business teams to work with customers to implement the necessary hardware and software required to set up wireless networks.