Maybe there is more; Psion down 40% now only 17% in London.
EPOC-OS developer (for 3rd gen smartphones multimedia OS)
under Symbian alliance MOT, Ericy, NOka, Phillips, etc etc takes hit on MSFT/Ericy news.
Psion Falls on Concern About Ericsson-Microsoft Pact (Update1)
Psion Falls on Concern About Ericsson-Microsoft Pact (Update1)
(Adds Ericsson committed to Symbian, in 2nd paragraph.)
London, Dec. 8 (Bloomberg) -- Psion Plc's shares fell as much
as 40 percent on concern that a wireless Internet joint venture
between Ericsson AB and Microsoft Corp. would threaten a venture
with the U.K. palmtop company.
Psion shares fell as much as 1,205.5 pence to 1800 after
Ericsson said today it will form a wireless venture with
Microsoft, the world biggest software company. Psion shares then
rebounded to 2600 after Ericsson said it remains committed to
Psion's Symbian joint venture, created last year with Ericsson,
Nokia Oyj and Motorola Inc.
Ericsson, the No. 3 mobile phone maker, said it will own the
majority of the Microsoft venture and use Microsoft's Mobile
Explorer in some phones. That could threaten Psion's efforts to
compete with Microsoft as phone, software and Internet companies
turn their focus to mobile data products that hook up to the
Internet.
Psion and 3Com Corp.'s Palm Computing, the top two producers
of hand-held computers, agreed in October to make their software
compatible as they battle Microsoft.
At the same time, Nokia Oyj, the biggest mobile phone
company, agreed to license Palm's software to add pen-based
products in addition to its mobile devices that use Psion's.
Symbian's Epoc and 3Com's PalmOS software use less power and
memory than Windows CE, a slimmed-down version of Microsoft's
Windows software that runs 90 percent of the world's PCs. That
makes Epoc and PalmOS
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