Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Nokia to acquire Psion shares in Symbian
Posted on 9-Feb-2004 20:51 | Filed under: News



Nokia has announced that it has started the process of enabling the transfer of Psion's shares in Symbian to Nokia. Symbian, owned by a group of mobile industry players, will continue to pursue licensing business of the Symbian operating system (OS).

The value of the transaction will derive from two parts: a fixed portion of 93.5 million, and a variable payment of 0.84 from Nokia to Psion for each Symbian OS device sold during 2004 and 2005. Upon completion of the transaction, Nokia estimates that its share in Symbian will increase from the current 32.2% up to approximately 63.3%.

"With its advanced and robust operating system, strong customer base and good relationships with operators, Symbian has successfully fulfilled the demanding technical requirements of mobile devices and the diverse needs of the market. It is vital to sustain Symbian's long-term market success in order to enable healthy competition in the OS market and to stimulate innovation throughout the value chain," said Pertti Korhonen, Chief Technology Officer, Nokia.

"The Symbian OS has proven its flexibility as an OS platform capable of supporting the demanding needs of the industry. Good examples include the UIQ software platform, the Series 60 Platform, the FOMA UI (user interface) and a number of vendor specific implementations - all running on top of the Symbian platform. This flexibility has resulted in a rich variety of advanced mobile devices enabling both handset manufacturers and operators to differentiate their offerings," he continued.

Psion has decided to focus on developing Psion Teklogix.









Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Trending now »

Hot discussions in our forums right now:

NZ Cricket to Spark Sport
Created by JPNZ, last reply by JPNZ on 15-Oct-2019 09:31 (134 replies)
Pages... 7 8 9


SKY announce Rugby rights to 2025
Created by JPNZ, last reply by rugrat on 17-Oct-2019 01:12 (82 replies)
Pages... 4 5 6


Real World usage is it worth paying more for the Fibre + 950 MBit plans or is a 100 MBit (200 MBit in CHCH) good enough
Created by DeepBlueSky, last reply by Hammerer on 16-Oct-2019 23:12 (33 replies)
Pages... 2 3


PBTech and Education computers
Created by kiwifidget, last reply by gzt on 15-Oct-2019 21:46 (14 replies)

ASB Bank Cheque clearance times !!
Created by maxeon, last reply by Handle9 on 16-Oct-2019 01:25 (41 replies)
Pages... 2 3


Google Pixel 4 announcement and owners thread
Created by ShinyChrome, last reply by gzt on 16-Oct-2019 23:20 (12 replies)

Anyone got any recommendations for office chairs for a 6,5 Guy?
Created by mayhemfighter, last reply by Lias on 16-Oct-2019 19:10 (12 replies)

Buying a property with a deck that has no final CCC. Need feedback.
Created by CrashAndBurn, last reply by CrashAndBurn on 15-Oct-2019 08:59 (21 replies)
Pages... 2