Psion recently announced its intention to close down its Trivanti joint venture company, citing slowdowns in the mobile data market and delays in GPRS implementation.
As a result of a macroeconomic slowdown, the Technology sector in general seems to be in a bit of trouble these days. Although not heavily affected by this, the Handheld and Wireless sectors also get to feel this hands-on, and the most notable recent incident is Psion's intention to close down its joint venture with United Business Media, Trivanti.
Trivanti was set up in July 2000 to develop and market wireless internet data services for B2B and B2C communities, but Psion is now closing down Trivanti because of slower development in the mobile data market than what was anticipated earlier. Also partly to blame, according to Psion, is slow implementation rates for GPRS - which probably directly affects also other parts of Psion's activities such as its Symbian efforts.
Earlier, Motorola backed out of an agreement with Psion to co-create and market the very first Symbian device, codenamed "Odin". This was most likely a major setback for Psion who was hoping to be among the first manufacturers to get a device out to the public, and during the incident in regard it also became clear that the launch of devices based on the Symbian platform from several manufacturers might be delayed more than earlier anticipated.
The closure of Trivanti will result in sixteen redundancies according to Psion; let's hope things get back on track soon, or it might start to look a bit grim for Psion's wireless efforts.
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