According to Reuters, Psion should have a cash balance of about £ 57.3 million after this month (March 2006) when it receives the final deferred payment of £ 28.5 million from the sale of its stake in Symbian. This has meant it has been looking out for potential acquisitions for at least two years.
However, Psion hasn't managed to buy any suitable businesses with its squillions other than image capture firm, Symagery Microsystems, which it bought for £2 million in June 2005. µ
Firm narrowly tops estimates with revenues of $42.4bn
Or so says the rumour mill ...
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Arrives just days after firm slams Android security as 'lacking' compared to BB10