Push software company Pointcast has withdrawn plans for an initial public offering (IPO) fuelling speculation that it is to be acquired.
US Securities and Exchange Commission rules require companies to withdraw IPO plans if it wants to engage in strategic partnership talks.
Analysts suggest Pointcast is likely to be in merger talks which could value the company higher than its original IPO estimates.
Melissa Bane, analyst at the Yankee Group said, ?Push isn?t dead it?s just busy being revalued."
In a leading statement Pointcast chief, David Dorman, said: ?There are tremendous opportunities to strengthen and leverage our business through options that have recently emerged.?
With other push technology companies such as Marimba and Backweb moving towards offering corporate solutions, plus the trend towards Web sites offering personalised information, the future for push software has been in doubt.
Dorman proclaimed in March that push is far from dead but has ventured into portal style territory. It recently launched Entrypoint which acts as a ?business service centre? giving users stock quotes, travel and career services and a parcel tracking facility.
He revealed in an open letter earlier this year that the company is looking at working with ISPs to use its service and host content on its site. Dorman said his company?s next step would be to host Web content as well as mirroring user?s personal Pointcast news and information.
?The online news and information market will evolve to a deeper, more highly personalised viewing experience,? said Dorman, adding the logical growth path for Pointcast is to extend Entrypoint?s Web presence this year.
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