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The Register: MS, Linux, Board Battles - Psion Boss Lists the Threats to Symbian

Mar 11, 2004, 08:30 (0 Talkback[s])
(Other stories by John Lettice)

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"Psion's tussle with shareholders irate over its proposed sale of its Symbian stake to Nokia is throwing up some interesting background to the deal. In a meeting with shareholders Psion chairman David Potter suggested that some of the shareholders in Symbian were effectively blocking an IPO, that it was therefore 'very unlikely to occur,' and that there were 'very material' risks of Psion's shareholder value being locked into Symbian, and diminishing if commoditisation of the handset business sucked value out of the company's offerings.

"In addition, Symbian remains loss-making, and the cost of maintaining its position will in Potter's estimation will increase 'in order to compete against Linux and Microsoft and the rest of the market that is there...'"

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