Puck. OOPS. Wrong Reference. It appears that the European business man's beloved PSION will bite the dust due to Euroserf socialist delay of
wireless progress. This is but one example of the huge collateral damage caused by NOK and its running dog political
allies in Euroserf land in their futile efforts to benefit financially by stopping worldwide progress through the
implementation of the CABAL's political agenda. Applications and innovative devices will be spawned in the US and
ASIA. Euroserfs think more like Labor Union leaders than business visionaries. If the leaders have no vision, then the
nation will come to grief and the people will perish..
FROM SI:
voop who wrote (12848)
From: ronho
Saturday, Jul 14, 2001 10:39 AM
Respond to of 12856
Voop. Psion was by far the most innovative and best PDA 10 years ago. With much software to choose from, it had the
total high end market in Europe and most places outside the US. This comtinued until Palm was launched despite the best
efforts of Sharp, HP etc who were always short of software. Now Palm has the software and has lent its operating
system to KYO and possibly others outside the US for incorporation in phones. With the advent of the QCOM 6XXX
multimode chips as blessed recently by the Nokia/Qualcom accords, it turns out that it will be quite feasible for phones
incorporating Palm's operating system to be a world product. In the meantime, Palm has launched PDA's that hook
directly to the net using CDMA wireless in the US. Thus PSION is surrounded in the PDA space.
However, in my opinion, 3G will likely obsolete PDS's and their software as we know them. Wireless devices can
become extremely powerful if they can overcom input/output limitations. With voice recognition, personal micro optic
viewing devices and Blue Tooth links from wireless devices to ubiquotous keyboards and screens, wireless phone/PDA
devices may well be able to enjoy the full internet experience. Forget WAP, i-mode, text messaging. Once users have
experienced a cable modem speed on personal computers, that is the standard of comparison for PDA/Phone devices to
meet. The huge success of i-mode in Japan is due to NTT blocking wide low cost internet access -- it won't repeat in the
US and NTT is destroying Japan's future by blocking cheap internet access. Similarly, Europe remains a land of dinasaur
phone monopolies that block progress for their own perceived financial benefit.
US, Korea, KDDI in Japan, Australia, and possibly China will blaze the trail to a much richer wireless internet experience
once CDMA 1X and then 1X EV hardware is up and running. This era will be the second conning of the consumer
electronics era and QCOM is right in the center of all of this.
It is not a question of whether QCOM will rule but when it will rule.
PSION ARTICLE:
ocus on Symbian, enterprise solutions and mobile network devices
H1 2001 trading update
Psion PLC, the mobile computing company, today announces that after a
thorough examination of its businesses, it has decided to focus its future
strategy on industrial and enterprise markets through Psion Teklogix;
innovative markets in digital appliances through a restructured Psion
Digital; and on its strategic investment in Symbian. All these activities
provide client solutions through wireless networks both Wide Area and
Local Area.
A restructured Psion Digital will sell and service its existing product
ranges and will continue development of its netBook range of products for
the education and corporate markets. The division’s retained core
development staff will focus on developing and exploiting Psion’s IPR,
expertise and experience to create innovative mobile networking
products and solutions in high value markets.
The decision to implement a significant restructuring of Psion Digital has
been driven by the division’s continuing poor performance in weak and
oversupplied markets for handheld computers and related cellular phone
markets. Further commoditisation of these markets is expected next
year. As a result of the Board’s decision and in the light of slower than
anticipated establishment of a mass market for Bluetooth products, Psion
Digital will not launch its Bluetooth PDA or range of Bluetooth
connectivity products planned for the second half of 2001.
Psion will take a restructuring charge of £29m to provide for redundancy
costs (some 250 jobs), product assets and fixed assets, goodwill
write-offs, inventory and other provisions.
First Half Revenues and Outlook
Provisional revenues for the enlarged Psion Group in the first half of 2001
were up 5% at £99 million compared with £94 million in H1 2000.
Revenues for the first half in Psion Digital were £36 million compared with
£77 million last year. Revenues for the first half in the Psion Teklogix
division (created from the merger of Teklogix operations acquired in
September 2000 and Psion’s existing Enterprise division) were £63
million, compared with the £17 million in Psion’s Enterprise division last
year. The Group retains a strong balance sheet with no gearing and cash
of £17 million.
Psion Teklogix grew broadly in line with expectations until June when the
impact of the North American slowdown in capital IT spending became
evident in recorded revenues and forward orders. The continuing North
American economic slowdown will affect Psion Teklogix revenues in the
second half. Although Psion Teklogix continues to grow as anticipated in
European markets, the risk remains that European markets will
experience a similar slowdown to those in North America during the
second half.
Psion PLC will announce its 2001 interim results in full on August 29,
2001.
David Levin, Psion’s Chief Executive Officer said :
“As reported at the time of our Prelims in March and at the AGM in May,
trading in Psion Digital has been difficult. As a result of this we are taking
major action to reduce our cost base while focusing on developing and
exploiting our intellectual property and know-how to secure profitable
new markets.”
“Psion Teklogix, operating in profitable wireless enterprise markets, will
show continued growth this year, despite cutbacks in capital spending in
North America. It is set to extend its position as our main operating
division and we will be launching a new range of industrial products in
September”.
David Potter, Psion’s Chairman said :
“The IT industry is experiencing its worst downturn since 1985. Against
this background, it is essential that we take the hardest approach to
costs, control and a return to profitability while avoiding exposure to
oversupplied commodity markets. The enterprise markets of Psion
Teklogix offer sound long-term growth opportunities, while Psion Digital
will be focusing on its core assets in innovation and exploiting new
premium markets for mobile networked devices.”
Enquiries
Peter Bancroft Psion PLC + 44 (0) 20 73174150
Craig Breheny Brunswick PR Group + 44 (0) 20 74045959
Psion PLC
The Psion Group is focused on providing mobile data and corporate network solutions. Psion
has a well-earned reputation for technology innovation and leadership. Psion was founded in
1980 by its chairman David Potter and is now one of Europe's leading technology companies
with a history of pioneering new markets for digital products. Psion PLC has a worldwide
distribution network comprising more than 25 sales offices and over 50 independent overseas
distributors.
Psion is also the largest shareholder in Symbian, a joint venture company owned by Psion,
Ericsson, Motorola, Matsushita and Nokia. Symbian's objective is to develop and market its
platform technology as the industry standard for the next generation of Smartphones and
Communicators.
For more information, please visit psion.com |
