Matsushita joins Psion's alliance
Wednesday 26 May 1999
Matsushita is the world's fourth largest mobile phone maker with Panasonic among its brand names. It joins the top three mobile makers - Finland's Nokia, Sweden's Ericsson and Motorola of the US - who joined the alliance last year.
The addition of Matsushita to the alliance adds credibility to Symbian's ambition to control the operating software of the next generation of mobile phones and palm-top computers, which will provide consumers with Internet access, video telephony and other services.
Symbian's operating system competes with Microsoft's CE technology based on its Windows desktop software. "This is a global alliance with partners in the US, Japan and Europe," said David Levin, Psion chief executive. "We're not looking for any more investors in the partnership."
Matsushita's stake came from a pro-rata dilution of the interests of the existing partners. That leaves Psion with 28.1 per cent and Ericsson, Nokia and Motorola with 21 per cent each, although the stakes could be reduced if the partners opt for a stock market flotation, which Mr Levin conceeds` is possible.
Nonetheless Psion shares slid 5.2 per cent, or 43p, to 789.5p as London investors, following the US, sold off technology stocks.
- 1 British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
- 3 Welcome to Cameroon, where drinking Baileys can lead to imprisonment
- 4 Lego breaks out of the toy box and heads for the gallery
- 5 Vogue under fire for 'Big Booty' article
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
iJobs Money & Business
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
£35000 - £38000 per annum + Benefits: Ashdown Group: Training Coordinator / Pl...
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£400 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...