Intel drops consumer electronics range

Published: 22 October 2001 y., Monday
Intel Corp. will stop selling digital cameras, media players and Intel Play PC toys next year because sales didn't meet the company's expectations, Intel confirmed Friday. The chipmaker said it is "winding down" its Connected Products Division, the part of the company that makes the consumer electronics products. "We had some success in these product categories, but business overall did not meet our long-term growth requirements. Our intent is to sell through the remaining inventory until the first quarter of 2002 and then quit the business," said Gillian Murphy, a Germany-based Intel spokeswoman. Intel won't disclose the size or location of the remaining inventory, but most products are sold worldwide. One of the products about to be discontinued, the Personal Audio Player 3000, was only introduced earlier this month in the U.S. Customer support will be available for "a period" beyond when a product is for sale, Murphy said. In addition to discontinuing the consumer products already on the market, Intel has also decided not to sell a Web Tablet Internet appliance touted by President and Chief Executive Officer Craig Barrett at the Consumer Electronics Show in Las Vegas in January.
Šaltinis: ITworld.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Finnish Started Business with 2 Lithuanian Print Houses

One of the biggest Finnish introducing broker companies Finnprinters, connecting customers and printing houses, has started joint business projects with Lithuania’s 2 printing houses. more »

In I quarter 2009, based on the labour force survey data, theunemployment rate in the country reached 11.9 per cent

Statistics Lithuania informs that, based on the Labour Force Survey (LFS) data, the unemployment rate in I quarter 2009 reached 11.9 per cent, i.e. was close to the level of the year 2004. Over a quarter, the unemployment rate grew 1.5 times, over a year – 2.4 times. more »

Lithuania's foreign minister encourages to unite efforts for a swifter implementation of the Rail Baltica project

Lithuania’s Acting Minister of Foreign Affairs Vygaudas Ušackas discussed ways of accelerating the implementation of Rail Baltica in the current economic environment and attracting foreign investments for the implementation of this project. more »

Gearing up for gas emergencies

Proposals for transparency and monitoring to keep gas flowing to the EU. more »

Another economic stimulus?

On a day in which G8 leaders in Italy said the world economy still faces "significant risks," a top White House official said the Obama administration is not discussing a second stimulus plan. more »

Microfinance for Europe's unemployed

EU proposes microfinance facility to encourage the unemployed to start their own businesses. more »

Wonky fruit & vegetables make a comeback!

For those of you who like your fruit and vegetables to look as crooked, knobbly and curvy as possible 1 July was a good day. more »

Disney eyes Hong Kong expansion

Walt Disney will invest almost half a billion U.S. dollars into its Hong Kong Disneyland, to bolster the park's prospects against a planned rival in Shanghai. more »

For the first time in Lithuania two investment funds are merged

On 26 June 2009 Securities Commission (SC) approved the merge of investment funds controlled by UAB SNORAS Asset Management with SNORAS Global Equity Funds of Funds (SGEFF) by joining JT Baltic Equity Fund I. more »

DnB NORD Bankas revises deposit rates

Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers. more »