Shares in @Road Inc, a provider of mobile resource management software, have plummeted after it warned that number two US mobile operator, Verizon Wireless, is in the process of shutting down a Cellular Digital Packet Data network.
In a statement, the Fremont, California-based company said that Verizon Communications also requested the discontinuation of services to substantially all its mobile resource management subscribers.
Details are still sketchy about the network shutdown and the long-term implications the move will have for @Road, but it said it would go into greater detail during its fourth quarter earnings conference call. Both Verizon Wireless and @Road failed to respond to Computer Business Review’s request for an interview.
@Road specializes in solutions to automate the management of mobile resources, or in other words, connecting mobile works in the field to corporate data centers. It delivers solutions in three areas, namely Field Force Management, Field Service Management, and Field Asset Management.