NeoNode, a pioneer of touch-only phone is filing for Bankruptcy. Here's the company's comment on the situation:
“For the past six months we have focused on turning the business around and solving the financial situation of Neonode AB. We continue to have great belief in our technology and believe we have a competitive product in the Neonode N2 but without sufficient funds we cannot continue operations.”
I might disagree with the fact that the Neonode N2 is competitive in today's market. The original concept was great, even if the screen was minuscule, but the company has failed to execute and deliver. I'm not sure if it was because of some form of perfectionism or if the operational aspects were too hard to deal with, but in the end, it was too little too late. The first all-touch phone maker to be hyped might have become the first victim of the touch bubble.
Permalink: Neonode Goes Bankrupt, is the Touch Bubble Popping? from Ubergizmo (US, FR) | Good deals | Hot: Nokia N97
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[Source: Ubergizmo]
