Plastic Logic 100

Plastic Logic has something of a rollercoaster history, having had to drop the QUE proReader before it even shipped and getting a $700 million cash injection that ultimately swung its attention to Russian schoolchildren. Unfortunately, the UK company's dreams of a self-branded e-reader are closing down along with its US branch. About 40 jobs are being cut in Mountain View, California, along with a smaller amount at its still-active British, German and Russian offices. The reduced headcount swings the focus to supplying e-paper screens to other companies, several of which are currently in talks. We're never fans of job cuts, but there is a silver lining to this cloud: the company's new flexible color e-reader screen could show up in more devices than it would have otherwise.

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Plastic Logic shutters US offices, gets out of making its own e-readers