September 25, 1994
PenUltimate Inc. said Friday that about 1.19 million shares of its common stock have been approved for trading by the Securities and Exchange Commission and California's Department of Corporations. Most of those shares, which represent about 44% of the Irvine software company's outstanding common stock, were sold in a private placement in May. But there was a required four-month waiting period before the SEC declared the shares effective.
December 31, 1993 |
PenUltimate Inc. said Thursday that it has signed a national software license agreement with IBM's Personal Computer Co. subsidiary for automating the unit's sales force. The value of the contract, the Irvine firm's second with International Business Machines Corp., was not divulged. PenUltimate develops software for notebook, laptop and pen-based computers used mainly by traveling professionals, such as salespeople.