Pumatech announces cancellation and replacement of options.

San Jose, CA (February 3, 2001) - Pumatech, Inc. (NASDAQ: PUMA), the leading provider of software infrastructure for the mobile Internet, today announced that its compensation committee approved a proposal to offer its employees, officers and directors the opportunity to cancel stock options granted to them between December 1999 and October 2000 for an equal number of new options to be granted in the future, on a date more than six months after the date of cancellation of the original options. The company's compensation committee determined that existing options eligible under the terms of the proposal no longer have sufficient value to motivate and retain the optionholders.

The new options will be granted on July 30, 2001. The exercise price of the new options will be 85% of the market price on that date. The new grants will have the same terms, vesting start date and vesting schedule as those cancelled. In order to receive the new options, the employees must remain employed by the company until the new grant date. The cancelled options number approximately 2.84 million shares with a weighted average price of $31.93. As of October 31, 2000, Pumatech had approximately 42.84 million shares issued and outstanding.

ABOUT PUMATECH

Pumatech (NASDAQ: PUMA), formerly known as Puma Technology, Inc., is the leading provider of software infrastructure for the mobile world. The Company, which has long been the leader in synchronization with its intellisync technology, is in the process of rolling out recently acquired, leading-edge personalization, notification and Web-browsing services integrated with synchronization. Pumatech now offers a comprehensive application suite, the Mobile Application Platform (MAP), for the delivery of highly personalized content to any mobile device. It is the only integrated solution that fully supports all mobile devices and standards, including WAP phones, SMS-enabled phones, Palm OS handhelds, Pocket PCs, Web sites, and desktop applications, such as Outlook. Companies using Pumatech products can create powerful mobile solutions that give customers and employees anytime, anywhere access to relevant information. Pumatech's mobile solutions are used by a wide range of Fortune 500 companies, mobile device manufacturers, telecommunications carriers, software companies, and individuals. Headquartered in San Jose, CA, Pumatech offers more information on its products and services at www.pumatech.com.

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Pumatech, the Pumatech logo, and Intellisync are trademarks of Pumatech, Inc., that may be registered in some jurisdictions. Palm OS is a registered trademark of Palm, Inc. All other marks are owned by their respective owners.