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Storming performance from Psion Dacom

Chalks up 79 per cent growth in first half

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Psion Dacom reported 79 per cent sales growth in the first half of 1998. Sales rose to $40.5 million, up from $22.6 million in the same period last year. The company said that this reflected rapid expansion of all its major markets worldwide, and was optimistic about its future prospects. Psion Dacom has established partnerships with a number of big hitters in the high tech field. Most recently there have been licensing agreements with Ericsson, Nokia and Motorola for their digital cellular data interface and a worldwide supply contract with Dell Computers, for its Gold Card 56Kb/s PC cards. Gareth Hughes, managing director for Psion Dacom said that the Gold Card was the main drive behind the company's growth, but that was not the only strength at Psion. He commented: "With the positive reception to our new NetGlobal range of Ethernet cards and the increasing popularity of our GSM and ISDN upgrade kits, the company is well positioned for further growth." Psion Dacom regards itself as being particularly influential in Europe where wireless technology has proved popular. The company extended its lead in the PC Card modem products market in Europe where Dataquest said that it accounted for 16 per cent of European shipments in 1997. Hughes claims that the company's continued success is due to a significantly improved product range. This, he says, has resulted in a better choice of products for customers. ®

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