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Psion Earnings Hit by Launch of Microsoft-Based Devices.

Psion Plc has experienced an increase in demand for its mobile computing platforms, even though second-half earnings for its Teklogix units have been hit by the cost of launching new products based on operating systems from its arch rival Microsoft Corp.

In a trading update, the Cambridge, UK-based said it expects results for the year to December 31 to be in line with management expectations. Merrill Lynch forecasts a net loss of 19.8m pounds ($34.6m) on revenue 5.5% lower at 130.3m pounds ($228m).

Psion said it expects Teklogix's revenue to exceed that of last year as demand for its products slowly improves. Though Psion's major asset is its 31.1% stake in mobile operating systems vendor Symbian, Teklogix has bowed to pressure from its customers and is offering devices on Microsoft platforms.

Teklogix's profit was reduced by the launch of "key new products", the 7535 handheld terminal and the Netbook Pro, both based on Windows CE. According to Teklogix's promotional material, the advanced networking and security protocol support of Windows CE.NET "make it the ideal operating system choice for mobile computing devices."

Psion said that Symbian continued to have a satisfactory year, with almost 4 million Symbian-based phones shipped in the first nine months compared with 1 million in the same period last year.
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Publication:Computergram International
Article Type:Brief Article
Geographic Code:1CANA
Date:Dec 16, 2003
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