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Summary:

NeoMedia is selling off its subsidiaries to focus on its Qode product line, in a bid to stem its losses ($29 million net loss for the 3rd qu…

NeoMedia is selling off its subsidiaries to focus on its Qode product line, in a bid to stem its losses ($29 million net loss for the 3rd quarter). “The company jettisoned its Mobot subsidiary, selling the Lexington, Mass.-based mobile marketing company back to its founders. NeoMedia will retain an 18 percent stake in Mobot, which it acquired earlier this year for $10 million.” Last month it sold Sponge back to its founders, and it also plans to sell its micro paint repair company.
It will focus on its Qode product line, a barcode system which allows camera phone users to take a picture of an image and transmit the photo to receive mobile content or access a wireless Internet site.
Russell Buckley has posted on a speech by Martin Copus of NeoMedia on barcode technology…”In Japan, 75% of people have interacted via a Smart Code and 90% of the under 20’s

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  1. Barbara Ballard Friday, December 8, 2006

    So if they are getting rid of the subsidiaries, why have they attacked bloggers who said that they need to get rid of their subsidiaries?

    http://www.littlespringsdesign.com/blog/2006/09/19/physical-and-internet-integration/

  2. I bet NeoMedia is keeping their only profitable subsidiary…the one that that auto body paint detailing….

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