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Article: Sierra Wireless abandons smart-phone market.(News)
- Article from:
- RCR Wireless News
- Article date:
- June 13, 2005
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MIKE DANO
Sierra Wireless Inc. announced it will abandon its attempt at the smart-phone business after a miserable outing with its first product, the Voq Professional Phone. Sierra said it will either divest its Voq business or simply terminate it.
Investors reacted with apparent relief, sending the company's stock up more than 11 percent on the news to around $8.94 per share. Sierra has been trying to sell the Voq for about a year and a half and has little to show for its efforts. No major carrier sells the device. The company did not release Voq sales figures.
"These actions are designed to focus the company on the core areas of our ...