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Psion leaves Symbian

and gets paid well for not handing it all to Nokia

3:27 pm on Jul 7, 2004 (gmt 0)

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Symbian today issued 50m worth of shares in a deal which allays shareholder concerns that it was turning into a Nokia puppet.

As anticipated, the smart phone operating system supplier today revealed that shareholders Panasonic, Siemens and Sony Ericsson had exercised their right to buy a portion of Psion's 31.1 per cent stake, which the Symbian founder had put up for sale in February. Psion had announced its intention to sell the lot to Nokia.