AMD pulls plug on Personal Internet Communicator
 

AMD has stopped its work on the Personal Internet Communicator project after nearly two years of planning and development. The PIC was announced in late 2004 as a $250 headless computer, sporting a Geode x86 processor, 128MB of RAM and a 10GB hard drive. PIC was designed for "emerging markets" where the cost of computer hardware is seen as prohibitively high.

In its third quarter filing with the Securities and Exchange Commission, AMD reported that "revenue from sales of PIC products has not been material and in the third quarter of 2006, we decided to stop manufacturing PIC products." AMD's filing indicates that the company took a loss on unsold PIC inventory.