03-22-2004, 05:00 PM
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Editor Emeritus
Join Date: Aug 2006
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Symbian Shareholders Battle For Control
I'm sure everyone has heard about Nokia's efforts to buy up Psion shares in Symbian. It seems that other Symbian stake holders are getting a little concerned with Nokia's attempt to gain a controlling interest in the company. Ericsson plans to increase their stake, and others are looking at doing the same. Here's a quote from the Reuters story.
"But before Nokia buys the shares, other Symbian owners which include Matsu****a's Panasonic, Samsung and Siemens, have the right to increase their stakes in proportion to their current holdings.
Those companies have said they were considering raising their stakes so that Nokia would not dominate Symbian.
"They (Nokia) must get below 50 percent, otherwise it becomes a Nokia platform," Ericsson's Svanberg was quoted as telling the Financial Times"
It's that last line that really makes me think that Symbain is in trouble. It must be very difficult to plan a feature set, or the future direction of the platform when everyone is battling like this. Without stability in the board room, they are in for a world of trouble.
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