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5 Companies That Had A Rough Week

For the week ending April 20, CRN looks at IT companies that were unfortunate, unsuccessful or just didn't make good decisions.

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Intel Axes New Devices Group As Smart Glasses Dreams Fade

It was a tough week for Intel, and particularly for workers in the chipmaker's New Devices Group, after Intel confirmed that it is shutting down the operation after its augmented reality glasses project apparently failed to find outside investors.

The shuttering of the New Devices Group, launched in 2013 as part of a broader company reorganization, follows the 2016 closure of the group's wearables division.

The group's augmented reality glasses project, known as the Vaunt smart glasses, sprang from technology Intel acquired in 2015 when it bought smart glasses maker Recon for $175 million.

 
 
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