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  • Symbian Settles Share Structure

    Symbian announced today the completion of the preemption process for the sales of Psion’s shares confirming that all the shareholders (except Samsung) were to exercise their rights. The real significance of today’s announcement is the clear roadmap, supported by a cash injection and an increase in headcout of 300 over the next 18 months, to drive the Symbian OS into mid-tier devices by, among other things, bringing down the bill of materials for the OS phone from today’s minimum of $132 to $78 by 2008.

    The SymbianOne site report quotes Matti Alahuhta, executive vice president and chief strategy officer of Nokia, as saying this is: “Exactly what we wanted.” Tomozo Hiroki, board member at Panasonic Mobile Communications, said: “Overwhelming vote of confidence in Symbian.”

    The full press release is cited in the SymbianOne story, Here.

    Posted: 8 July 2004 | Filed: Editor's Note, Wireless News | Feedback | Print |
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