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12 Jul 2001
Psion has made its last handheld organiser. The company's restructuring of its Psion Digital division with the loss of 250 staff, reported yesterday, means that the Revo will be its last personal organiser - the market it helped establish in the UK.
Chairman and founder David Potter told the Financial Times : "I would be a very cold man if I didn't feel strong emotions about this. We invented the concept in 1982, and invented the term 'organiser' in 1984 when we launched our first product."
David Levin, Psion's chief executive, added: "It is starting to look like the PC market, and PC hardware guys are not well known for their sustainable margins."
The handheld market has become overcrowded with Palm, Handspring, Compaq's iPaq and Microsoft's Pocket PC all battling for market share.
Psion said it would continue to provide maintenance and repair services to existing owners and to develop its netBook mini-laptop computer range. The company is switching from targeting consumer to corporate customers.
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