Adamind feels low-balled

British mobile software developer Adamind said an undisclosed cash bid from an undisclosed bidder--which sent the company's shares up 25 cents--will probably prove too low. The company says other firms are taking a look at the acquisition-ready company, which is valued at about £10 million. The company is also reportedly looking at other potential content offerings, as it comes to terms with the notion that the general public just isn't that interested in MMS.

For more on Adamind:
- see this blurb from AFX
- check out the company's site