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Motorola join Psion in Symbian relationship

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Psion has reeled in Motorola as the fourth shareholder in Symbian, the intellligent mobile phone operating system company. Motorola is stumping up £28.75 million for new shares in Symbian. On completion it will hold 23.1 per cent of Symbian, in common with fellow shareholders Ericcson and Nokia. Psion’s stake is reduced from 40 per cent to 30.7 per cent. Backed by the world’s three most biggest mobile manufacturers, Symbian is on course to feed the world with its flavour of “connected information devices”. Symbian will at worst act as a powerful counterweight to Microsoft Windows CE. At best, it will make the fortunes of Psion shareholders. Motorola has come to the Symbina party a little later than its rivals, which announced the formation of Symbian with Psion on June 24. On the same day it signed a memo of understanding to join the Symbina ventur on similar terms to Ericcson and Nokia. Psion director Nicholas Myers is resigning from the company to concentrate full-time on his CEO position at Symbian. ® Click for more stories

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