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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (18034)	1/30/2002 9:07:48 AM
From: Eric L	Read Replies (1) \| Respond to of 34857

re: Symbian >> Symbian Secures Further Funding 30th January 2002 Cellular News Symbian has secured a further funding round from its shareholders. Matsushita, Motorola, Nokia and Psion have committed further funding pro rata to their existing shareholdings. Sony Ericsson has taken up Ericsson's pro rata subscription rights, becoming a new shareholder. Symbian is to receive a total of US$29.27 additional funding to take the company through the next phase of its development. As at the end of last year, Symbian had net cash of US$23.84 million. Symbian recently announced Fujitsu as a licensee of Symbian OS, joining existing licensees Ericsson, Matsushita (Panasonic), Motorola, Nokia, Psion, Kenwood, Sanyo, Siemens, and Sony. With devices already shipping from Nokia, Ericsson and Psion, 2002 will see the introduction of the first 2.5G Symbian OS phone - the Nokia 7650 - in the second quarter, 2002. David Potter, Chairman of Symbian, said: "Symbian delivered its 2.5G operating system, Symbian OS v6.1, to licensees in April 2001 - we are now seeing the first of the phones based on this version of Symbian OS being launched in the market. Symbian's development to support next generation wireless standards on Symbian OS is progressing according to schedule. We are seeing a solid commitment by leading mobile phone and technology companies to Symbian OS." With the recent addition of new licensees, Symbian OS licensees currently represent over 70% of global mobile phone shipments. - Eric -