 Acorn Group and Apple Computer Inc each had a 43% shareholding in ARM (in 1996), while VLSI was an investor and first ARM licensee.In 1993, Acorn decided to offer an Acorn branded Psion Series 3 PDA, badged as an Acorn Pocket Book, with a later variant branded the Acorn Pocket Book II.Essentially a rebadged OEM version of the Series 3 with slightly different on-board software, the device was marketed as an inexpensive computer for schoolchildren, rather than as an executive tool.