Siemens joins Symbian club
Flash the cash
A new member is joining the Symbian software club and is paying EUR22.8m for the privilege. Step forward Siemens, which gets a five per cent stake in Symbian for its money.
Symbian makes the software for high-end mobile phones and PDAs - but there's not too many of them around right now. And Microsoft is gunning hard for the same customers. Until the big royalties come, Symbian remains heavily lossmaking.
Siemens is already a Symbian licensee and it now has a seat at top table, alongside Sony/Ericsson, Motorola, Nokia, Matsushita and, of course, Psion. ®