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FLO TV murdering direct-to-consumer programming in open 2011, will have required refunds

Posted in October 6th, 2010
Published in best buy

FLO TV murdering direct-to-consumer programming in open 2011, will have required refunds

Don’t contend you never gave you the heads-up on anything. 24 hours (give or take a couple of minutes) after you punched the final nail into FLO TV’s direct-to-consumer coffin, Qualcomm itself has issued a short but pointed statement per a tragically cursed service. The vital line is this: “We have been suspending the direct to consumer sales of brand-new inclination.” If you just so happen to already own one, you can look forward to use stability by a Spring of 2011, after which you’ll be up a certain creek but any sort of steering equipment. In a eventuality of the discontinuance of service, FLO TV will make suitable refunds, but the sum surrounding that won’t be communicated until that fateful day draws nearer. We’re also told which MediaFLO use (provided to handsets around conduit partnerships) will goon on unaffected, as well as it sounds as if the company has skeleton to insert its use to tablets in the future. The misfortune news of all? Qualcomm’s operative to redeploy impacted employees, though it does “expect which there will be some layoffs.” The statement can be seen in its entirety after a mangle. Show full PR textStatement From Qualcomm Regarding FLO TV

SAN DIEGO, Oct. 5 /PRNewswire-FirstCall/ — As you previously indicated in our July 2010 earnings call, we have been examining strategic opportunities for FLO TV. We have been enchanting in conversations with a far-reaching range of partners for both the network and a spectrum. We have been seeing clever seductiveness in using a FLO TV network or spectrum to gain on the flourishing imbalance in between mobile interpretation supply and direct, a growth of tablets, as well as consumer demand for tall peculiarity video and imitation calm, as well as a richer user experience. While this routine continues, you are suspending our approach to consumer sales of new inclination. We anticipate we will say a network so which stream approach to consumer subscribers will goon to embrace FLO programming into Spring 2011. Service provided to handsets purchased through wireless operators is unblushing at this time. In a event of a stopping of service, FLO TV will make appropriate refunds, the details of that will be communicated prior to discontinuation. While we are working to redeploy impacted employees, you anticipate that there will be some layoffs.

“Except for a chronological report contained herein, this release contains forward-looking statements that are theme to risks as well as uncertainties, including a Company’s capability to successfully aspire to, enter into and unqualified vital opportunities, upon satisfactory terms, relating to a FLO TV network as well as the compared spectrum, a generation that a FLO TV network will be confirmed for current approach to consumer subscribers, the generation for that FLO TV use will be maintained for handsets purchased through wireless operators, a nature of and the conditions and conditions compared with any refund policy to influenced consumers, the inlet and extent of any layoffs, as good as a alternative risks detailed from time to time in a Company’s SEC reports, including the inform on Form 10-K for a year finished September 27, 2009, as well as most recent Form 10-Q. The Company undertakes no obligation to refurbish, or continue to yield information with respect to, any forward-looking statement or risk, either as the result of brand-new report, destiny events or otherwise.”

Via Engadget

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