Feeds

Psion profit warning follows modem sales slump

Dacom's struggles impact on Psion's profit

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

Falling modem sales will hurt Psion PLC’s profit in 1999. Shares slumped 85p to 862.5p today on the news. The PDA maker blamed its profit warning on the decision of more notebook vendors to embed modems into their machines. "Psion Dacom's revenue for 1999 will be severely affected and have a significant impact on Psion's profit for 1999," the company says. So what happens if OEM revenues for Psion Dacom, Psion’s PC card division, and other PC card vendors melt away? Embeds can only make market conditions worse for Psion Dacom -- and other PC card vendors. Psion Dacom sales were the bright spot in the group’s patchy sales performance last year. Lifted by two enormous OEM contracts for IBM and Dell, PC card sales leaped 79 per cent to £25 million. Sales of PC Card modems boosted Psion’s first half profit by around five per cent. Psion’s PDA sales fell 11 per cent in the same period to £37 million. ®

The essential guide to IT transformation

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.