As Kindles get cheaper and better, more companies are getting out of the eReader business. Foxit has discontinued its $199 eSlick eReader.
The company plans to focus its eBooks business on licensing PDF and ePUB technology. Here is more from the press release: “Converging on its core business strength, Foxit Corporation, a leader in PDF software solutions, today announced that it will license its industry-leading PDF and ePub technology to key players in the eBook market to help enhance digital rights management, content management, content distribution and viewing technology in the space. The company will cease development of the eSlick Reader, its own electronic reading device, to focus on providing platform-independent PDF technology and multi-device support to leading eBook providers.”
Mike Cane predicts that Sony might be next. From his blog: “If Sony does not announce a new Reader for the Christmas/holiday buying season, they’ll announce their withdrawal from eBooks early next year – most likely in January, after they’ve blown out their stock and taken all the money from suckers.”
Via The Digital Reader.