23/10/2001
On the back of July's licensing deal with ARM (and a disappointing set of interim figures to July revealing a £4.6m loss (£3.9m) on sales £100,000 lighter at £1.3m), 3D software developer Superscape seems to be focusing everything on the mobile internet market. This news accompanied a full-year revenue warning and the announcement that 30% of Superscape's 120-strong workforce is being made redundant. Monthly burn should reduce to £250,000 as a result. Superscape's plan is to help both 2.5G and 3G content producers develop applications and assist the likes of Vodafone, Orange, Nokia and Ericsson in building necessary infrastructure. It is here that the close relationship with ARM comes in. Under the terms of their arrangement microprocessor developer ARM will 'optimise' Superscape's 'Swerve' software, enabling it to integrate with other key pieces of technology such as Java. ARM will then market the technology to its existing customer base, receiving a share of revenue in exchange. The deal affords Superscape's chief executive Kevin Roberts the confidence to predict a 'hefty revenue increase' next year with a further 'explosive' rise in 2003. However, it must be stressed that consumer enthusiasm for 2.5G and 3G technology is far from guaranteed - remember the widespread apathy that greeted WAP?
| Market cap: | £10.3m |
| PE Forecast: | n/a |
| Share price: | 28p |
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