Psion share prices have been yo-yoing today first upwards with the spreading of rumours that Palm may be in the market to make a bid for Psion, then back down with the announcement that Motorola is to discontinue its joint Wireless Information Devices development undertaking with Psion.
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The markets have not reacted kindly to the Motorola news, pushing Psion shares down, although they had rallied by midday to reach 220.25p, up 3.4 percent on the day.
Motorola goes own way with Symbian
Motorola has announced that it will refocus its own efforts in developing a "multifunctional mobile Smartphone to be launched in 2002 based on the Symbian platform". As Motorola forms part of the Symbian joint-venture company, of which Psion is the largest shareholder, the news could be seen as worrying, although Motorola has stated that the news "will not affect other collaborative programmes between Motorola and Psion".
Sega lays off "small number" at US headquarters - ZDNet.co.uk:: News News Schmooze: Look ma, no wires! News Consoles aplenty for Xbox launch Psion/EPOC downloads. Symbian downloads. Travelers Toolkit downloads http://news.zdnet.co.uk/itmanagement/0,1000000308,2084180,00.htmHOME | tvs lg Content at ZDNet UK:: News Articles, Whitepapers, Downloads, Opinion and Resources relating to tvs lg Psion/EPOC downloads. Symbian downloads. Travelers Toolkit downloads http://www.zdnet.co.uk/tsearch/tvs+lg.htmHOME | Psion is to continue with the development of the first product that was to stem from the joint programme - what it terms a "Communicator product based on Symbian's Quartz platform" - but the fact that the company is referring to "evaluating a range of options for its completion inthe light of the significant additional development cost" may not augur so well.
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