Neonode AB, maker of the N2, files for bankruptcy
[Via GeekZone]
Posts with tag Neonode
From the outside, it has been easy to assume that everything was humming along nicely at Neonode's California / Sweden-based offices. Based on a recent open letter issued by the interim CEO and chairman Per Bystedt (not to mention the earnings report), that is indeed not at all the case. Neonode has failed at meeting guidance and anticipated sales for this year, with a number of things partially to blame. For starters, it admittedly tried to enter "too many markets, too fast," and a recall of the N2 surrounding "reception issues" didn't make things any better. Bystedt confessed to having just south of $3 million of his own money invested in the outfit, while he asked for other shareholders to be patient as he attempted to right the ship. Best of luck to ya -- we hear it's a pretty tough sector. [Warning: PDF read link]Quigo ad placement


Quigo ad placement

Intelligently waiting until after the iPhone lived out its (first) 15 minutes of fame, Neonode has just now went and threw a launch party to celebrate the official debut of the Neonode N2. Yesterday, the firm went wild at the Babae Club in Athens, Greece as it celebrated with MyPhone (its distributor for south-eastern Europe) and announced that the handset would play nice with "operators such as Vodafone and Wind." Sadly, exact releases dates were obviously muddled through all the jumpin' and jivin' going on, but the N2 should be in "select shops in south-eastern Europe" very soon, with the rest of Europe and "other major markets" to follow suit shortly thereafter.











Other Weblogs Inc. Network blogs you might be interested in: