Plastic Logic Kills Its E-Book Reader
Plastic Logic CEO Richard Archuleta said the following in a statement:
"We recognize the market has dramatically changed, and with the product delays we have experienced, it no longer makes sense for us to move forward with our first-generation electronic reading product. This was a hard decision, but (it) is the best one for our company, our investors and our customers."The reasons behind this are many, including the postponed launch of the reader, as well as the nook, the Kindle, and the iPad, all of which were priced well below the cost of this device.