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Psion made £1.4m loss in 2000

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Ditches Epoc mobile handset product

By Linda Harrison • Get more from this author

Posted in Business, 1st March 2001 11:59 GMT

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Psion recorded a pretax loss of £1.4 million in 2000.

This figure compares to a profit of £4.7 million the previous year. Sales were up 46 per cent at £ 219.7 million.

The British handheld computer company said it would merge its computer, connect modem and InfoMedia consumer products units into one division called Psion Digital Solutions.

To do this it will take a restructuring charge of £11 million, and expects the move to save it £17 million in 2001.

Psion has also ditched the development of its Odin project - a mobile handset product using the Epoc operating system. Motorola pulled out of the project in January.

This will result in 20 per cent staff cuts from its wireless development business. ®

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