Psion hit by forex losses
Psion forecast a normalised operating loss for the full-year, hurt by forex losses, but said it remained confident of strong growth in 2011. Shares of the company fell five per cent in trading yesterday. The provider of mobile computing services expects a normalised operating loss of £1.5m to £2.5m for the full-year, compared with an operating profit of £4m last year.
Ericsson sees sales surge 7pc
Surge in demand for mobile smartphones pushed Sony Ericsson to a seven per cent rise in fourth quarter sales. Its revenue soared to 62.8bn crowns (£6bn), beating forecasts but its 8.4bn crowns profit lagged behind predictions.
Nokia to launch MeeGo tablet?
Nokia, the world’s biggest handset manufacturer by volume, may be on the verge of revealing its first tablet computer. Industry sources say the firm has developed a device featuring the new version of its operating system, MeeGo.
News Corp iPad paper to launch
News Corp’s new digital newspaper The Daily, designed for Apple’s iPad, should launch in the next two weeks after some delays and will cost 99 cents a per week, executive James Murdoch said yesterday. The digital-only publication, available initially only in the US, is News Corp’s latest attempt to force consumers to pay for its journalism.
BBC World Service makes cuts
The BBC World Service is to close five of its language services. It is thought that about 650 jobs will be lost from a workforce of some 2,400. Staff will be informed today of the redundancies.