Street at Palm Computing dismissed any talk of direct licencing of Symbian's EPOC operating system. The announced co-operation led to Psion's shares – the largest shareholder in the Symbian mobile computing venture – rising by nearly 30 per cent. Palm Computing also issued a separate announcement of a tie-up with Symbian partner Nokia. Nokia is licensing the Palm OS operating system to run Palm applications and pen-based user interface on its smart phones. "We will have Palm technology running on-top of the Symbian EPOC platform," said a Nokia spokeswoman. This latest product category will complement Nokia's current keyboard-based communicators and media phones such as the 7110. Licensing Palm's technology gives Nokia access to over 3,000 applications developed for the Palm Pilot, while Palm Computing can now address its handheld technology to the wireless data market.