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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF

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To: leigh aulper who wrote (1985)	8/8/2000 10:35:42 AM
From: Ahda	Read Replies (1) of 2082

full article biz.yahoo.com Psion says Symbian to float (UPDATE: Updates share price, recasts) By Richard Meares LONDON, Aug 8 (Reuters) - Psion, Europe's largest maker of handheld computers, is to float the Symbian consortium it formed to promote the use of its operating system for wireless devices, but not until mid-2001 at the earliest. The UK company said on Tuesday the flotation, worth up to an estimated five billion pounds ($8 billion), must wait until stock market conditions are right and Symbian products -- from mobile Internet terminals to smartphones -- sell in large volumes. Chief Executive David Levin told a news conference mass sales were not expected until mid-2001 at the earliest. He said bankers had not yet been appointed as this would be grossly premature. Symbian -- whose other shareholders are Ericsson of Sweden , Finland's Nokia , U.S.-based Motorola (NYSE:MOT - news) and Japan's Matsushita -- is not set to break even until 2002 or beyond. Japan's Sony Corp signed up to Symbian in April as a licensee but not as a shareholder. The consortium is working on a range of futuristic devices catering for fast Internet using next-generation mobile phone networks which will arrive soon.

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