Symbian raises new funding
"Symbian?s continuing shareholders reiterate their continued full support for Symbian?s strategy and objectives as an independent, for-profit company, and have provided significant further investment to ensure the long-term success of Symbian OS as the industry?s chosen technology platform for mass market, advanced phones for 2.5 and 3G networks. Shareholders have participated in a rights issue to raise ?50m in additional funding for Symbian. Nokia, Panasonic, Siemens and Sony Ericsson have also agreed to participate in the pre-emption process for the purchase of Psion?s equity stake in Symbian. The process is expected to complete on 12th July 2004. In addition, Shareholders have jointly agreed to appoint an independent, non-executive Chairman to the Symbian Board."