Slim Devices Acquired by Logitech!!!

[Audioholics]

<A href="http://www.audioholics.com/news/pressreleases/LogitechSlimDevices.php"><IMG style="WIDTH: 114px; HEIGHT: 100px" alt=[logitech2] hspace=10 src="http://www.audioholics.com/news/thumbs/logitech2_th.jpg" align=left border=0></A>Logitech International today announced that it has acquired Slim Devices, Inc. Products from Slim Devices, such as the acclaimed Squeezebox and the recently announced Transporter (currently being reviewed), enable people to enjoy high-quality digital music, in multiple rooms of the home, regardless of whether the music is streaming directly from the Internet, or from a PC, Mac, or storage device on the network. Logitech purchased the privately held Slim Devices of Mountain View, Calif. for $20 million in cash plus a possible performance-based payment, tied to reaching certain future revenue targets. By becoming part of Logitech, the Slim Devices team gains the advantage of Logitech’s expertise in interface-product design and amplified-audio systems, as well as marketing resources and distribution channels, which include consumer electronics retailers in countries throughout the world.

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[googdot]

good on the guys at silm - but the forums over there are on fire with concerns of the loss of open source development, which of course was the major reason many people went the slim route. there is a logitech rep on the forum stating his company is committed to keeping slim the way it is, but a big multi-national supporting and funding an open source project? hmm - i guess only time will tell...