Feeds

Psion shutsTrivanti wireless biz

Million quid down toilet

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Psion has decided to shut Trivanti - its joint wireless venture with United Business Media - after just a year and with the loss of sixteen staff.

The company was set up in July last year and planned to develop data services for next generation phones and the likes. However, the failure of WAP and the delay in GPRS and 3G networks has not made the company worthwhile. Ironically, BT Cellnet announced the first functioning GPRS network at the end of last week.

Psion and United Business Media said at the outset that they planned to invest £9.5 million in the company. Psion announced that it has put in £2.6 million and would put down a £1 million write-off value in its accounts this year. Whatever cash is left at the home will be dished out to shareholders. Psion shares dipped by up to 8 per cent. United Business Media's slipped 1.5 per cent.

A notice on the company's site asks offers the staff up for hire and gives a number for anyone interested in acquiring Trivanti's platform of SMS technology. ®

Internet Security Threat Report 2014

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Hey - who wants 4.8 TERABYTES almost AS FAST AS MEMORY?
China's Memblaze says they've got it in PCIe. Yow
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
This time it's SO REAL: Overcoming the open-source orgasm myth with TODO
If the web giants need it to work, hey, maybe it'll work
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.