[ Thanks to Jason
Greenwood for this link. ]
“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…'”