Sharp fluctuations in Psion?s shares heralded its interim results tomorrow, although the handheld computer maker claims it has now solved its production problems on the new Organiser Series 5 (see Newswire, 10 July).
The company's share price fell by seven per cent to 339 pence yesterday after a high of 500 pence last December. It said several weeks ago that tooling difficulties would prevent it from shipping the number of units it had targeted for August.
The 'Financial Times' today predicted that Psion will turn in full year profits of #16 million. Its six-month results tomorrow are expected to show an increase in profits over the #6.5 million it made in the same period last year.
Despite the share fluctuations and the shipment problems, Psion's subsidiaries, including Psion Dacom and Psion Software, continue to make inroads into their own markets.
PC card maker Psion Dacom is expected to announce a deal with Dell US soon to bundle its Gold Cards with notebooks. Dell already supplies Gold Cards in Europe.
But questions still remain over whether Psion?s decision not to adopt Microsoft's Windows CE handheld operating system will be its undoing. In January next year, Microsoft?s OEM partners will announce machines based on Griffin, codename for CE 2.0.
Simon Pearce, chief analyst at research group IDC UK, said: ?There is a future for Psion. The question is whether they?ll go with the flow of the market or fight it alone, like Apple does. Psion is establishing relationships with other vendors and making it a companion device for the PC.?
He said that its existing relationships and different strands of business meant that Psion was likely to continue to be profitable. He said: ?It will be a while before Psion really feels the heat.?
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