Coby Will NOT Be Producing Sub-$100 Netbook

We reported to you yesterday that Coby Electronics Corporation was developing netbooks that would be available for less than $100 by March 2009, but it seems this was a mere fabrication. In fact, the original article, which appeared at Arkansas.IndyMedia.org, has now been debunked by Coby themselves.

According to an official statement released by the company, Coby Electronics Corporation is not developing the "'Midget PC,' 'PoqetMate-7' and 'PoqetMate-9'" nor are they "producing a PC nor is one headed to market at any price under the company's name."

Well, that pretty much clears that up. Coby emphasizes that though they keep their eye on consumer trends, "no decision has been made to develop or launch laptops," at any time in the future. For now, the company will stick to producing PMPs, digital photo frames, LCD TVs and other such consumer electronics items.

Official Statement:

Coby Electronics Corporation is not in fact developing or producing a laptop computer in the under-$100 price category, referred to in various erroneous reports as the "Midget PC," "PoqetMate-7" and "PoqetMate-9." Coby Electronics Corporation is not currently producing a PC nor is one headed to market at any price under the company's name. While Coby Electronics Corporation constantly monitors and evaluates all consumer electronics categories, no decision has been made to develop or launch laptops, nor have there been any specifications, pricing and distribution channels created for such product at this time. Coby Electronics Corporation remains focused on producing high-quality, innovative and competitively priced products in a range of consumer electronics categories, including LCD TVs, Video MP3 players, Portable and Home DVD Players, Digital Photo Frames, iPod Docking Stations, Radios and Accessories.