Press Release: Ellison’s NIC Co. to shut down

My spin: Really nothing big about this, except that this proves that it’s not easy, maybe impossible to just “create” a PC alternative. Also the whole model of how users would use this alternate-PC were flawed.
News Clip: Larry Ellison’s New Internet Computer Co., which sold cheap Web-surfing devices as an alternative to PCs, is closing its doors.
The company decided to wind down its operations after failing to close a round of new investments earlier this year, company President Ken Lambert said in a telephone interview Monday with CNET The company had gone through a recent reorganization and a push into Latin America, but sales did not pick up fast enough to keep the company afloat, Lambert said. (full story)