Symbian shareholders are considering blocking a move by mobile handset manufacturer Nokia to take a majority stake in the UK-based mobile phone software company. Psion has agreed to sell its 31.1pc stake in Symbian to Nokia for an estimated £136m, which would give Nokia a 63pc stake in the business. However, Symbian's minority shareholders will be able to exercise their pre-emption rights to increase their holdings, preventing Nokia from seizing a majority stake. Psion shareholders and European regulators must first agree to the deal.
A spokesman for Nokia said: "This process will take some time to complete, and the other shareholders do have the possibility to purchase some part of the shares. But we do not comment on speculation." Ericsson, which owns 19pc of Symbian with Sony Ericsson, declined to comment yesterday on whether it intended to increase its stake. A source close to the situation said: "Psion's sale of its shares will almost certainly go through, either to Nokia or to Nokia and the other shareholders, depending on which shareholders take up their pre-emption rights.
News source: Telegraph
A spokesman for Nokia said: "This process will take some time to complete, and the other shareholders do have the possibility to purchase some part of the shares. But we do not comment on speculation." Ericsson, which owns 19pc of Symbian with Sony Ericsson, declined to comment yesterday on whether it intended to increase its stake. A source close to the situation said: "Psion's sale of its shares will almost certainly go through, either to Nokia or to Nokia and the other shareholders, depending on which shareholders take up their pre-emption rights.
News source: Telegraph
Wind River has traditionally provided operating system software for mission-critical devices such as the Mars exploration rovers and jet fighter control panels. But as its clients become more interested in cheaper software for high-volume, low-margin business, the company said it started exploring Linux, a software which is free to use, copy, and distribute.
"Wind River brings their tools and platform to the table, Red Hat brings its services and Linux expertise to the table," said Richard Williams, an analyst with Summit Analytic Partners. "When you put these two together, it is a lot faster to provide Linux to the market."
Alameda, California-based Wind River said clients such as Nortel Networks Corp. and Lucent Technologies Inc. have asked for Linux. But its more expensive flagship VxWorks software, which is designed to be faster and more reliable, will continue to be used in areas where higher security is needed.
I was kinda weirded out by that thought...good thing I was wrong...
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