Competition threat stunts Psion arm

Competition threat stunts Psion arm
Alex Mayhew-Smith Psion has issued a warning that its datacomms division is facing increased competition. The company said that its profits are likely to be affected by the move to integrate modems into portable PCs. Psion Dacom, which accounts for 40 per cent of group sales, manufactures plug-in PC Card modems. The move by portable PC manufacturers was expected, said Psion, but had happened much more quickly than anticipated. Psion’s shares fell 12 per cent after the announcement and were also hit by news of the BT/Microsoft mobile Internet alliance.


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