Plastic Logic up for sale even though its QUE proReader isn't? (Updated: Investor confirms neither are for sale)

While you can't buy a QUE proReader until summer it seems that you can buy the company. Well, maybe not you but someone with a few hundred million in the bank. At least that's the way the Financial Times is framing a piece focused on UK investor Hermann Hauser, whose venture capital firm has a stake in Plastic Logic. According to Hauser, "We're in very interesting negotiations with ... well, that would be a separate interview, you will hopefully hear [more] about this in the autumn."

Why would anybody want to buy this offshoot from the University of Cambridge's Cavendish Laboratory? After all, dedicated monochrome E-Ink devices are on their last legs, right? Chips made from plastic, not silicon, that's why -- intellectual property that could revolutionize integrated circuits and the entire computing industry. For the moment, however, Plastic Logic is only manufacturing the simple plastic transistors found inside its QUE proReader display that switch each pixel on or off -- a far cry from PCBs loaded with plastic integrated circuits. And as the FT acknowledges, any potential buyer might end up with an e-reader company and nothing more. Not exactly where you want to be at the dawn of the second coming of tablet computers.

Updated: We heard from Plastic Logic investor Hermann Hauser who firmly says the company is not for sale. Apparently his comments were taken out of context. That still doesn't answer our question of when we will be able to get our hands on a QUE proReader.

[Thanks, Charlie]