Motorola invests in OQO
OQO, manufacturer of Windows XP-based handheld computers, today said that it has secured $20 million in financing. The financing round was led by Paladin Capital Group as well as Motorola Ventures, the venture capital arm of Motorola. OQO intends to use the funds to increase its sales and marketing efforts and to "accelerate" research and development of upcoming devices. According to the company, " over 400 corporate and government entities" have purchase OQO devices so far.
Azure Capital, a member of the Paladin Capital Group, said that it believes that the category of pocketable Windows computers will emerge during 2006. OQO is likely to see plenty of competition, and not just from Vulcan’s FlipStart, but also from manufacturers that will develop handheld PC devices based on Intel’s ultra-mobile PC (UMPC) platform.
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