Feeds

Psion profit warning follows modem sales slump

Dacom's struggles impact on Psion's profit

  • alert
  • submit to reddit

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.