HELSINKI (AFX) - Nokia Corp has declined comment on a report that it is
considering a takeover of Psion Plc, in a deal that could price the UK company
well above 400 mln stg.
The Business reported yesterday that the two companies are not yet in formal
bid negotiations but regularly talk to each other on business and technology
issues, citing industry sources.
"There are clear signs coming out of Nokia that it is planning to make a
move on Psion," an industry source familiar with Nokia's plans told the
newspaper.
"Our policy is not to comment on any rumours," said Maija Tommila, director
of Nokia corporate communications.
Both companies are big shareholders in Symbian Ltd, the software venture
spun out of Psion to establish its advanced mobile operating system as an
industry standard.
Nokia plans to accelerate Symbian's adoption across the mobile industry to
head off a serious threat from a rival Microsoft technology, and as a result, it
is taking a close look at bidding for Psion, The Business said.
Nokia holds a 32.2 pct stake in Symbian, and Psion owns 31.1 pct after they
both recently purchased a 13.2 pct and 5.8 pct stake in Symbian from Motorola
Inc respectively.
Panasonic is the third largest owner in Symbian, with a 7.9 pct stake.
arild.moen@afxnews.com
am/vs

If this had been a roller coaster ride at Blackpool Pleasure Beach, you would have got your monies worth :-)

November 10, 2003

Rumour of the day



NOKIA, the world’s biggest mobile phone maker, is believed to be considering a takeover of Psion, the hand-held computer company. Plans for a takeover bid, which are at an early stage, are thought to be part of the mobile giant’s strategy to fend off competition from Microsoft, which is seeking to extend its stranglehold on PCs to the mobile market

erenr, Is the news of Nokia being likely to take over Psion be the cause of todays price rise and is this to continue on the speculation.

Legins sorry dont visit this board that often but if you look at the header chart the buying volume is much more than the selling volume ie. big blue candles on the up days smaller red on the down days speaks volumes to me if you;ll forgive the pun,re: bid spec neither nokia or psion deny them so i guess it will happen or try to happen symbian trading figures yesterday were very good should head up from here,

dyor only my opinion