InFocus Sells The University Network
InFocus announced the company sold The University Network, a digital content delivery system targeting colleges and universities in the U.S. The buyer is Submedia LLC, a digital media company based in New York City. InFocus acquired the assets of TUN in mid-2005 and announced earlier this year its intent to divest TUN.
The Company will post no gain or loss on the sale during the fourth quarter of 2006 as the Company posted a charge of $1.4 million in the third quarter related to writing down its assets invested in TUN based on the proceeds expected to be received upon completion of the sale.
More Stories Like This
InFocus ‘Refocuses’ on the ProAV Channel
THIS IS A PROMOTED POST You remember InFocus. Founded in 1986 by two former Tektronix employees, the company made a name for itself through its DLP and LCD projectors and video calling tech. You may also remember that in 2011, InFocus expanded into the smartphone, tablet and LED TV market, with its primary product, Mondopad. […]
Rants & rAVes — Episode 1495: Inside InFocus’ ProAV Strategy
I caught up with Eric Lookenott to talk about how InFocus is evolving its approach to the ProAV market — and where it’s putting real focus right now. We got into the shift toward dvLED, projection and collaboration, what partners are actually asking for and how the company is thinking about engagement. We also talked […]
InFocus Is Back – But Only From Ingram Micro
InFocus have announced an exclusive distribution agreement with Ingram Micro Inc. to market, promote, sell and support the entire portfolio of projectors and collaboration solutions. The InFocus Ingram Micro partnership will include the new JTouch 4.0 interactive displays and Mondopad 4.0 to channel partners throughout the U.S. “We are extremely happy to sign this new […]