'Save our Symbian' says Psion

Crawling '3G' roll out fast becoming an albatross around too many necks...

Psion has added to yesterday's poor results by saying its software joint venture Symbian is in need of further funding if it is to continue in a drive towards profitability. Psion holds a 28 per cent stake in Symbian, which is developing software for 3G phones. However, the delays in the roll out of 3G technology and subsequent disinterest in licensing the software has seen the venture rocking in recent months. Psion's share price fell further on the news - dropping 12 per cent to the lowest level in just over three years. Yesterday the UK company, which bailed out of the handheld computer market in July, reported losses of £54m.