Tapwave has ceased the production and support of its Zodiac handheld gaming device.
In a statement on its website, the company says that the business has been discontinued and that service and support are no longer available.
Tapwave developed a portable gaming device that ran the Palm OS operating system, featuring a high resolution colour screen and wireless networking capabilities for multi-player gaming.
The devices costing $299 and up were launched in October 2003. Privatly held Tapwave was founded in May 2001.
Tapwave never got off to a good start, said Gerry Purdy, a principal analyst with Mobiletrax. As the founders were looking for venture fundig to set up a distribution channel, investors were scared away when Sony revealed that it would be making a portable Playstation.
"They were thinking: 'Do I want to compete with Sony?'" Purdy told vnunet.com.
"The lack of capital resulted in the company not being able to enter into distribution agreements to build a product," he noted.
Prudy noted that the limited sales of the gaming devices resulted in only meagre licence revenues for Palmsource, the developer of the Palm OS software. And the vendor is betting its future on mobile telephones more than on the PDA-like devices that Tapwave made.
Tapwave could not be reached for comment.
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