All About Symbian - Nokia (S60) and Sony Ericsson (UIQ) smartphones unwrapped

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  #1  
Old 15-12-2003, 10:33 PM
trickyt trickyt is offline
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Psion plc benefits most from Symbian phones flying off shelves in Christmas rush.

Psion shareholders to benefit from shipments of more Smartphones

Sales of Smartphones using the Symbian operating system are set to explode over the next few years. Whether the Symbian Operating System becomes the Microsoft of the mobile world remains to be seen.

Symbian Limited is a joint venture company owned by Psion, Ericsson, Panasonic, Nokia, Siemens, Sony Ericsson and Samsung.

Psion plc, with 31.1% is one of Symbian's biggest shareholders. If Symbian does well, shareholders in Psion will be handsomely rewarded. Unlike Symbian's other main shareholders, Nokia and Ericsson, Psion is a small company with a market worth of 340 million based on a recent share price of 82 pence. The future of Psion is likely to be impacted by the success of
the Symbian Operating System. These are early days in the mobile world.

Symbian operated phones are beginning to reach the shops and demand is strong. New Symbian operated phones like the Nokia 6600, the Nokia N-Gage, and the Sony Ericsson P900are flying off the shelves. The full list of Symbian Operated phones can be seen at http://www.symbian.com/phones/index.html

In December 2003 there were 11 Smartphones using the Symbian Operating System and a further 31 were under development by 9 licensees. Shipments of Symbian Operated Handsets are expected to be close to 10 million this year with Nokia supplying the bulk of these. There were only 2 million units shipped in 2002. ARCchart has issued a new report which is forecasting that the number of handsets shipped using the Symbian OS will rise from 10 million in 2003 to 106 million by 2008. http://www.arcchart.com/reports/symbian.asp

Symbian receives a royalty on each phone based on Symbian OS shipped by licensees. From Symbian OS v7.0 onwards, the royalty has been set at $7.25 per unit for the first 2 million units shipped by a licensee and $5 per unit thereafter. Its three main competitors are the Palm OS, Microsoft's Windows Mobile for Smartphone (WMS), and Linux. Symbian is expected to take the lion's share with its OS in 69% of smartphones, whilst Microsoft might take 20%.

The key shareholders in Symbian are Psion with 31.1% and Nokia with 32.2%. The other shareholders are Ericsson (17.5%), Sony Ericsson (1.5%,) Matsushita (7.9%), Siemens (4.8%) and Samsung (5%).

If smartphones catch on, Symbian's shareholders are going to be very happy.

Psion plc and their shareholders should be the happiest of them all since Symbian represents such a large part of Psion. Analysts estimate that more
than half of Psion's value is attributable to its stake in Symbian. A floatation of Symbian is a definite possibility in the coming year. Such a move would allow shareholders to see the true value of Psion's stake in Symbian. A clue as to the true value of the Symbian Stake can be garnered from the fact that Psion was wiling to pay 17.4 million to Motorola for a 5.8% holding in August 2003, taking it's holding from 25.3% to 31.1%. Until then the book value of their 25.3% stake was shown as 6.7 million.

If we assume that in a couple of years global handy phone sales will amount to 500 million units and of these 125 million are smart phones, and 69% are Symbian operated, the total sales will be 86 million units generating at least $5 per unit or $430 million of Revenue. Psion's share will be $133.73 million or 78 million. Royalties are mostly pure profit. Apply a P/E ratio of 20 to that number and Psion's share of Symbian will then be worth 1.56 billion or nearly five times today's market capitalisation. Apart from holding its stake in Symbian, Psion owns and runs a mobile solutions company called Psion Teklogix which had turnover of 63.3 million in the first half of this year generating 5.3 million of profit in the six months.

At their peak in 2000, Psion's shares traded at over 15 each. As uncertainty set in over the future of technology businesses, interest in Psion waned. Psion was doubly hit when it took a decision to pull out of manufacturing hand held computers in order to focus of Symbian and mobile solutions, at a time when Symbian's success was far from assured. Over a three-year period their shares declined to below 50 pence. Sceptics doubted that the Symbian Operating System would be able to compete against the light of Microsoft. Now that the Symbian Operating System is actually appearing in phones on the shelves that scepticism seems misplaced. Symbian has come through as one of the survivors.

There have been whispers that Nokia may be interested in a purchase of Psion plc http://www.arcchart.com/blueprint/sh...46&qtabs=99999 Nokia is set to be the dominant player in the Symbian Operating System smartphone market, and for that reason alone, it may want to take control of the Symbian Operating System. An acquisition of Psion plc would give it control of Symbian with 63.3%

With Symbian establishing itself as the dominant player in the smartphone market, and with sales set to take off in 2004 it would be wise for Nokia to make a move now before the value of Symbian heads north. ARCchart estimates that, between 2004 and 2008, the accumulated fees Nokia will have to pay to Symbian will be around 585 million. Such a number means that they could afford to pay a healthy premium compared to Psion's Market capitalisation of around 340 million.

  #2  
Old 16-12-2003, 09:54 PM
trickyt trickyt is offline
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Trading update from Psion plc (Symbian shareholder)

Update on current trading prior to entering close period

Psion PLC today updated the market on current trading prior to entering its
close period.

The company expects that group financial results for the year ending December
31st 2003 will be in line with management's expectations.

The Group has a strong balance sheet and is generating cash from its operating
activities. Net cash at the end of November 2003, after 17.4 million paid to
purchase additional shares in Symbian, was approximately 16.6m (November 2002,
28.6m).

As reported in Psion PLC's interim results announcement in August, the market
for Psion Teklogix products continues to improve slowly. Psion Teklogix's 2003
revenues are expected to exceed those of 2002. Although 2003 operating profit
is expected to exceed the prior year, the second half profit will reflect the
cost of launching key new products, the Netbook Pro and the 7535 hand-held
terminal.

Symbian continues to have a successful year, with almost 4 million Symbian
OS-based phones shipped in the first nine months of the year, compared with 1
million in the equivalent period in 2002. In October, Psion increased its
shareholding in Symbian from 25.3% to 31.1%.

Alistair Crawford, Chief Executive of Psion PLC, said: 'We are encouraged by the
progress of Psion Teklogix. The initial customer response to our new products -
the Netbook Pro and the 7535 hand-held terminal - has been positive. These
products, together with others to be announced during 2004, will form the
foundation for the future growth of the company.

'The board continues to be satisfied with the commercial progress made by
Symbian. Realising the value of our investment in Symbian for the optimal
benefit of Psion shareholders remains a key strategic goal.'


Enquiries:

Craig Breheny / Emily O'Connell Brunswick +44 (0) 20 7404 5959


Note to Editors

Psion focuses on providing mobile data and corporate network solutions. Psion
Teklogix is the operating division of the Psion Group. It is a provider of
industrial wireless data communications systems, integration services and
product support and maintenance. There are currently more than 15,000 Psion
Teklogix systems installed in 50 countries worldwide. Customers include Delphi
Automotive Systems Inc., Cadbury Schweppes Plc, Dell Computer Corporation,
Compaq Computer Corporation, Nippon Express, The Hertz Corporation, Volkswagen
and Honda Europe.

For more information, please visit http://www.psion.com.

Psion is also the second largest shareholder in Symbian, a joint venture company
owned by Psion, Ericsson, Nokia, Panasonic, Samsung, Siemens and Sony Ericsson.
Symbian's objective is to develop and market its platform technology as the
industry standard for the new generation of 'smartphones'.

For more information, please visit http://www.symbian.com.


This information is provided by RNS
The company news service from the London Stock Exchange

  #3  
Old 16-12-2003, 09:56 PM
trickyt trickyt is offline
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Symbian Progress and sales estimates

Symbian continues to have a successful year, with almost 4 million Symbian
OS-based phones shipped in the first nine months of the year, compared with 1
million in the equivalent period in 2002. In October, Psion increased its
shareholding in Symbian from 25.3% to 31.1%.

  #4  
Old 20-12-2003, 10:03 AM
trickyt trickyt is offline
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Fujitsu uses Symbian OS on its latest 3G phone for NTT DoCoMo's FOMA service

News story: 19/12/2003

Fujitsu uses Symbian OS on its latest 3G phone for NTT DoCoMo's FOMA service
LONDON (AFX) - Psion PLC's associate company, Symbian Ltd, the maker of
operating software for mobile phones said Fujitsu Ltd's latest 3G phone, the
F900i for NTT DoCoMo Inc FOMA 3G service is based on its operating system.

The F900i is the third FOMA phone based on Symbian OS exclusively built by
Fujitsu in a year.
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  #5  
Old 24-12-2003, 10:50 PM
trickyt trickyt is offline
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Speculation re a float of Symbian

Mobile phones

More speculative are two are other large IPOs that may happen in the second half of 2004. Birmingham-based mobile phone maker Sendo, which shelved its flotation in 2001 when the market tanked, is again looking at an opportunity to raise money for expansion plans and to realize the value for managers and staff.

No mandate has been given and the firm has yet to make its aggressive 2004 plan to at least treble sales to $750 million and produce over five million handsets. Although profit margins are small in this consumer electronics-related business, the firm could be valued at many hundreds of millions of euros.

Symbian, the mobile phone software maker -- owned by Britain's Psion, Finland's Nokia, Sweden's Ericsson and other phone makers -- may also float. However, as its software is often combined with that of Nokia's Series 60 applications, Nokia may also want to own Symbian outright.

Encouraged by the Wolfson offering, other semiconductor companies are also expected to come to the market. Software is an area where bankers also expect action. They tip firms that provide multi-media messaging services, and security firms that specialise in defence of computer worms, viruses and spam.

Full story:
http://www.itweb.co.za/sections/busi...0312240640.asp

  #6  
Old 01-01-2004, 08:19 PM
trickyt trickyt is offline
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DoCoMo To Fund Advanced-Handset Development

12:02 PM EST Fri., Dec. 19, 2003

NTT DoCoMo tipped its hand on future offerings Friday, when it announced it will award $344 million to handset developers to work on a generation of handsets based on the Linux and Symbian operating systems.

The goal, the company said, is to produce handsets in 2005 capable of achieving the broadband speed goals of its high-speed downlink packet access (HSDPA) technology.

"By investing in development," the company said in a statement, " DoCoMo aims to motivate manufacturers to produce increasingly innovative handsets. . . .Under the terms of investment, DoCoMo will share ownership rights with the manufacturer for any new handset technology."

The handset developers chosen by DoCoMo are: Motorola Japan Ltd., Fujitsu Limited, Mitsubishi Electric Corp., NEC Corp., Panasonic Mobile Communications Co. Ltd., and Sharp Corp. The handsets will be an extension to DoCoMo's FOMA 3G handsets. DoCoMo said the awards are designed to accelerate the development of applications running on its future HSDPA technology.

Based on W-CDMA architecture, HSDPA has a goal of increasing downstream speeds to 14Mbps.

In another development, DoCoMo said it will liquidate its U. K.-based DCM Capital USA unit, which has been holding DoCoMo's equity ownership in AT&T Wireless. The holding company's AT&T Wireless shares will now be held directly by DoCoMo. AT&T Wireless has been converting its aging TDMA-based network to accommodate W-CDMA. Presumably, DoCoMo's FOMA service and handsets could eventually be utilized on the AT&T Wireless network.

*This story courtesy of Techweb.com.

  #7  
Old 28-11-2006, 08:36 PM
stacky
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he he

interesting topic

Quote:
Originally Posted by trickyt
12:02 PM EST Fri., Dec. 19, 2003

NTT DoCoMo tipped its hand on future offerings Friday, when it announced it will award $344 million to handset developers to work on a generation of handsets based on the Linux and Symbian operating systems.

The goal, the company said, is to produce handsets in 2005 capable of achieving the broadband speed goals of its high-speed downlink packet access (HSDPA) technology.

"By investing in development," the company said in a statement, " DoCoMo aims to motivate manufacturers to produce increasingly innovative handsets. . . .Under the terms of investment, DoCoMo will share ownership rights with the manufacturer for any new handset technology."

The handset developers chosen by DoCoMo are: Motorola Japan Ltd., Fujitsu Limited, Mitsubishi Electric Corp., NEC Corp., Panasonic Mobile Communications Co. Ltd., and Sharp Corp. The handsets will be an extension to DoCoMo's FOMA 3G handsets. DoCoMo said the awards are designed to accelerate the development of applications running on its future HSDPA technology.

Based on W-CDMA architecture, HSDPA has a goal of increasing downstream speeds to 14Mbps.

In another development, DoCoMo said it will liquidate its U. K.-based DCM Capital USA unit, which has been holding DoCoMo's equity ownership in AT&T Wireless. The holding company's AT&T Wireless shares will now be held directly by DoCoMo. AT&T Wireless has been converting its aging TDMA-based network to accommodate W-CDMA. Presumably, DoCoMo's FOMA service and handsets could eventually be utilized on the AT&T Wireless network.

*This story courtesy of Techweb.com.
 

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