Sierra Wireless has decided to scrap the Voq Smartphone. The company has announced that it plans to exit its Voq Professional Phone initiative and that it is shifting some Voq resources to its core PC Card and Embedded Modules business.
"These actions are designed to focus the company on the core areas of our business where we have extensive experience and a well established market position. We believe that both the PC Card and Embedded Module markets represent significant growth opportunities with the highest potential returns in our portfolio. Our goal is to ensure that we have a strong, sustainable leadership position in these areas," said David Sutcliffe, President and CEO of Sierra Wireless. "We have enjoyed limited success to date on the Voq Professional Phone and have concluded that continuing to proceed with Voq is no longer the best use of our resources, given our other opportunities. We will now seek the most effective exit, whether by divestiture or by termination of the initiative."
"These actions are designed to focus the company on the core areas of our business where we have extensive experience and a well established market position. We believe that both the PC Card and Embedded Module markets represent significant growth opportunities with the highest potential returns in our portfolio. Our goal is to ensure that we have a strong, sustainable leadership position in these areas," said David Sutcliffe, President and CEO of Sierra Wireless. "We have enjoyed limited success to date on the Voq Professional Phone and have concluded that continuing to proceed with Voq is no longer the best use of our resources, given our other opportunities. We will now seek the most effective exit, whether by divestiture or by termination of the initiative."