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Autonomy to List on Nasdaq
Posted: 20-Mar-2000 [Source: Reuters]

[Autonomy plans to take its i-WAP technology business to US investors.]

London -- "Britain's Autonomy Corp. Plc., a classic example of a 'new economy' stock worth billions on paper but yet to make a penny profit, is to list on the technology-focused U.S. Nasdaq market to draw in U.S. investors, it said on Monday.

"... Autonomy's success is built on software that uses pattern-matching algorithms drawing on information technology, neural networks, probability theory and arcane maths to help computers 'understand' plain human prose.

"It means the forthcoming generation of mobile Internet devices will be more easily able to sift through the mine of online information and find the nuggets relevant to the user.

"Autonomy said its new i-WAP technology ``individually tailors and filters content on the Internet, ensuring the benefits of mobile access are not impaired by the inability of mobile devices to process the ever increasing quantities of content.''

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