BOUNDLESS AND RIVER RUN CALL OFF MERGER.Network computer manufacturer Boundless Technologies Inc has abandoned its previously-announced acquisition of River Run Software Group Inc by mutual agreement. River Run is a privately- held Windows CE (Windows Consumer Electronics) Microsoft's version of Windows for handheld devices and embedded systems that use x86, ARM, MIPS and SHx CPUs. Windows CE .NET superseded Windows CE 3.0. access application developer based in Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. . The two companies say they balked balkv. balked, balk·ing, balks v.intr. 1. To stop short and refuse to go on: The horse balked at the jump. 2. on the deal, originally announced in June June: see month. , due to "unsettled conditions in the financial marketplace." That probably has something to do with a 66% decline in Boundless' stock between June, when the shares were worth $9 a piece, and November. The shares have since rebounded somewhat, closing up $0.3438 on Wednesday at $5.875 - still 35% lower than when the acquisition was announced. Boundless insists the two will continue to work together despite the change in plans. |
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