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Thinkpad iWave's President, Mark McLain, denies receiving any counter offer from competitor, Metasoft, to invest saying their motives were skeptical.
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laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Laptop Computer June 8, 2005 (AXcess News/SP) Toronto - iWave's President, Mark McLain, denies receiving any counter offer from competitor, Metasoft, to invest saying their motives were skeptical.
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Desktop Computer The two companies are rivals in the information field with iWave Information Systems, Inc. (TSX.V: IWX) reporting $261,000 in revenue for the quarter, or $1 million annualized and privately held Metasoft saying it's ten times that size with over 4,000 customers in the not-for-profit fields.
Notebooks McLane released news late Wednesday rebuking the Metasoft offer, saying that a binding agreement had already been executed when the May 25th disclosure circular was distributed. That Metasoft had not provided any counter offer before that time. In fact, McLane says there's been no receipt of a written offer at all!Metasoft announced Monday that they had made a counter offer to iWave that detailed their proposal and that they had attempted to counter bid - twice.Source Press attempted to reach both McLane and Trevor Skillen of Metasoft before posting this news story for their comments, but neither were available.We hope to follow up with more news Thursday.Source: Source Press
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