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Geoworks throws in towel and puts GEOS up for sale
Posted: 31-Jan-2002 [Source: ComputerWire via The Register]

[Geoworks places its AirBoss application platform technology and the source code for its GEOS and GEOS-SC operating systems up for sale.]

"Wireless software pioneer Geoworks Corp has thrown in the towel, giving up hope of developing its AirBoss application platform technology and has put it up for sale along with the source code for its GEOS and GEOS-SC operating systems.

"The Alameda, California-based company said the wireless infrastructure market is "very weak" and, while it will eventually be significant as enterprises adopt mobile data applications, Geoworks simply does not have the financial resources to support development of the AirBoss platform and wait for the market to emerge.

"The company, a pioneer in the development of operating systems for handheld devices, wants to sell the AirBoss team and transfer the technology to a company "that has the resources to weather current market conditions." But president and CEO Dave Grannan warned: "Of course, we cannot guarantee that we can find an appropriate buyer."

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