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Technology Stocks : RSA Security Inc. (RSAS) -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (226)	4/26/2000 9:41:00 AM
From: John F Beule	Read Replies (1) \| Respond to of 374

More good news since Symbian licenses RSA technology. Sony will make this a reality.Sony taps Symbian software for wireless devices By Reuters Special to CNET News.com April 26, 2000, 4:10 a.m. PT LONDON--Shares in handheld computer maker Psion jumped in early trade today after it said Japanese electronics giant Sony had agreed to license Psion's Symbian software platform for its next-generation wireless devices. Psion shares gained as much as 15 percent immediately after the news, to touch an early session high of 33 pounds ($52.13). But the shares settled back at 31.68 pounds ($49.91) by 9:13 a.m. local time, still making them far and away the best FTSE 100 performer. Volume remained slender at 232,000 shares traded. "This signing further increases the value of Symbian," said Nomura analyst Nainish Bapna, pointing out that as leader of the software platform alliance, with a 28 percent stake, Psion stood to gain the most. Although full details are yet to be released, Bapna added that as a quid pro quo, Symbian would license Sony's 'Memory Stick' technology, which the Japanese company is attempting to establish as the standard for memory storage in mobile devices. "This will enable all EPOC devices to share memory with other devices such as digital cameras easily," Bapna said. Psion's major partners in the Symbian joint venture include mobile phone companies Nokia, Ericsson and Motorola. Symbian software is based on Psion's EPOC operating system, developed for portable devices. The Symbian venture is currently involved in a battle with U.S. software giant Microsoft to gain the upper hand in establishing an industry standard platform for the booming mobile electronics market. Palm, the giant manufacturer of handheld computers, uses a third software system of its own but has announced plans to cooperate with Symbian. Psion said in a statement that further details of cooperation between Symbian and Sony would be given at a news conference in London at 1 p.m. local time (5 a.m. PT). Story Copyright ¸ 2000 Reuters Limited. All rights reserved.