Feeds

Psion sales up, but palmtops down

Matsushita wants slice of Symbian pie

  • alert
  • submit to reddit

High performance access to file storage

Following the announcement of its first half results, Psion has said that it is in talks with Matsushita and other industry players about taking a minority equity stake in the recently formed Symbian venture. Symbian was started with Nokia and Ericsson earlier this year and Motorola is due to sign up next month. At that stage, Psion will have 31 per cent of the venture with the others holding 23 per cent each. David Potter, Psion chairman, confirmed the company was involved in talks, but was cagey about details. "There are some key players in this industry and it might be that there will be some small participation by some of those key players, " he said, mentioning Sun Microsystems and IBM. The company said its results showed it was now in a strong position for long term growth, after a difficult transitional period. The Symbian venture was major progress towards the new way of doing business, Potter said. In the first six months of 1998, the company recorded a pre-tax profit of £4.113 million on turnover of £74 million. This is up from last year when Psion reported turnover of £64 million and pretax profits of £4.051 million. Shares gained 25 pence on the back of the news. Sale of palmtops fell in the first six months of this year by 11 per cent accounting for £37 million of the company's £72 million turnover. Potter said that the launch of Series 3MX would turn this around: "The series 3 will now grow or recover and have wider sales," he said. The company would not withdraw from the US market, despite its weak position. Potter said that the strategy in the states would continue to focus on working with companies like Novell and Lotus, rather than the retail side. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.