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Psion warns of weak US revenues Psion warns of weak US revenues
(about 8 hours later)
UK technology company Psion has warned that US contract delays and the weak dollar will mean its 2007 revenues will only be "modestly ahead of last year".UK technology company Psion has warned that US contract delays and the weak dollar will mean its 2007 revenues will only be "modestly ahead of last year".
In a trading update, the maker of handheld computers said key American business customers had been delaying orders due to economic uncertainty.In a trading update, the maker of handheld computers said key American business customers had been delaying orders due to economic uncertainty.
Full-year North American revenues would probably be down 15%, dented by a slump in the dollar, the company said.Full-year North American revenues would probably be down 15%, dented by a slump in the dollar, the company said.
In 2006 Psion achieved group-wide revenues of £190.6m (£393m). In 2006 Psion achieved group-wide revenues of £190.6m ($393m).
"In line with our previous statements, the second half of the year has continued to be characterised by weakness in demand from North America," said Psion chief executive Jacky Lecuivre."In line with our previous statements, the second half of the year has continued to be characterised by weakness in demand from North America," said Psion chief executive Jacky Lecuivre.
"This is not something that is unique to Psion, but it will inevitably impact the outcome for the current year.""This is not something that is unique to Psion, but it will inevitably impact the outcome for the current year."