A war chest for Psion
from the handhelds-full-of-gold dept
Yesterday, Psion decided to issue more shares to allow it to compete in an ever more difficult handheld market. It’s easy to understand why they need a little more cash, the Symbian project is probably a huge drain on their resources. Added to this sales of their handhelds haven’t been stellar. However, Symbian is their silver lining and that’s why investors are still willing to pump in more cash.