Feeds

Motorola ‘vetoes’ Symbian IPO

Sunday Business claims

  • alert
  • submit to reddit

The essential guide to IT transformation

Motorola has vetoed an IPO for Symbian for the immediate future, UK paper Sunday Business claims.

The company, a major shareholder of Symbian, reckons the OS business would be lucky to get away with a valuation of £1 billion in the current economic climate, compared with estimates of £5 billion, a year ago, the paper says.

It notes a knock-on effect for Psion, the inference being that it could do with the money and is press ahead with a flotation.

No sources are cited. This looks all the world like a Sunday paper special - just enough info to create a catchy 'splash' headline, but not enough detail for a; to disprove the story or b; for the reader to work out if the story is true or not?

Of course, IPOs are dead in the water right now. And of course, Motorola and other major shareholders will want to sit it out until the upturn. But does this amount to a veto? And is Psion any different from the rest? The only clear beneficiaries of a Symbian IPO today would be employee share and share option holders. ®

Related Story

Symbian unveils new OS rev, Pearl

Boost IT visibility and business value

More from The Register

next story
Pay to play: The hidden cost of software defined everything
Enter credit card details if you want that system you bought to actually be useful
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
VMware's high-wire balancing act: EVO might drag us ALL down
Get it right, EMC, or there'll be STORAGE CIVIL WAR. Mark my words
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.