Verisign looking to sell mobile biz, report

Feb 23 2006 - 12:11 PM ET | Backpage, Rumor

Verisign may be looking to exit the mobile business, if a report from Valleywag pans out. The company shelled out nearly $300 to buy Jambra (AKA Jamster), but that company is having a hard time sustaining growth.

They also snapped up mobile messaging service Lightsurf. But after jumping the gun on this "mobile phones are the new MTV" fad, Verisign has had trouble convincing investors that its acquisitions are worth anything.