D&M, holder of the Rio brand, will stop selling Rio portable products and begin creating networked home media devices. According to a BusinessWire press release:
D&M Holdings Inc. (TSE II: 6735), today announced it would exit the mass-market portable digital audio player business, currently marketed under the Rio brand, by September 30, 2005. D&M Holdings will retain the Rio brand and trademark, and as previously announced the company retains access via license to MP3 player technology that was sold in July to SigmaTel, Inc.
In related news, the company will also buy Boston Acoustics, a formerly high-end audio company, in order to enable its home audio vision.
Rio was one of my favorite portable MP3 player makers. I actually feel a little misty.
D&M Holdings Inc. to Exit Mass-Market Portable Digital Audio Player Business [PRNewswire]
