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MOTOROLA GOES AHEAD WITH ITS 23% STAKE IN SYMBIAN.

Motorola Inc has now decided that it will take a 23.1%, $46m stake in the Symbian handheld device joint venture between Psion Plc and European telecoms giants LM Ericsson Telefon AB and Nokia Oy. Nokia and Ericsson each made their investments back in June (CI No 3,439), but Motorola was a little late to the party, and at the launch was only ready to sign a memorandum of understanding. Psion's stake is reduced from 40% to 30.7%, while each of the three investors hold an equal stake. Motorola says that part of the agreement is that Symbian will integrate the TrueSync multi- point synchronization technology Motorola acquired from Philippe Kahn's Starfish Software Inc (CI No 3,452) in with its EPOC operating system for wireless information devices. Symbian will also work with Motorola to port the system over to the M-Core RISC architecture. Last week Motorola bought a minority stake in San Jose, California- based Online Anywhere, a maker of software that transforms web pages for display on PDAs, TVs, telephones a nd other networked devices (CI No 3.522).
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Publication:Computergram International
Geographic Code:4EUUK
Date:Oct 29, 1998
Words:183
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