"Home Net appliance vendor Netpliance (Nasdaq:NPLI) announced
lower revenues than expected for the quarter ending September 30
and a major shift in focus."
"The company, which developed the consumer i-opener Net device,
said it will stop selling the device after January 31 and, instead,
will focus on providing infrastructure and managed services for
devices. The company said it will continue to support existing
"The company also said it was reducing its payroll by 93
employees, which is 38 percent of its work force. The company said
that move would help it reduce its annual operating expenses by
about $5.4 million, which will, over time, enable it to eliminate
losses it incurred because of disappointing Net appliance
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