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AllLinuxDevices: Netpliance to Drop i-opener Appliance

Nov 10, 2000, 18:31 (5 Talkback[s])
(Other stories by David Haskin)

"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 devices."

"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 sales."

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