UK handheld computer maker Psion issued a profit warning today, sending its share price down by as much as 27% in early trading as it revealed that full year results would be “well below expectations”.
LONDON (Brand Republic) - UK handheld computer maker Psion issued a profit warning today, sending its share price down by as much as 27% in early trading as it revealed that full year results would be “well below expectations”.
By mid morning shares were still down 24% at 432.5p. Psion blamed adverse foreign exchange movements, higher component costs and a changing PC modem market, leading to a 4% decline in margins.
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