PCTEL hires firm to help with a subsidiary

PCTEL hires firm to help explore strategic directions for subsidiary and security product

Associated Press

BLOOMINGDALE, Ill. (AP) -- PCTEL, a supplier of wireless service-related products, has hired a brokerage firm to help explore strategic directions for one of its subsidiaries and its ProsettaCore security solution.

The company said Thursday that Wunderlich Securities Inc. will help it raise equity, find distribution partners or find other ways to maximize the value of PCTEL Secure LLC's assets. PCTEL Secure focuses on Android mobile platform security.

PCTEL Chairman and CEO Marty Singer said in a statement that PCTEL Secure doesn't seem to match well with its traditional distribution channels.

PCTEL Secure's ProsettaCore allows a smartphone, tablet or tactical radio to run in various modes without specialized hardware.

Shares of PCTEL Inc., based in Bloomingdale, Ill., fell 3 cents to $7.13 in morning trading. Over the last 52 weeks, the stock has traded between $5.65 and $7.79.

View Comments (0)