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Philips Pronto lineup of universal remote controllers to be discontinued

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If you're a home theater or home automation buff then you're certainly familiar with Philips' Pronto lineup of remote controls. Unfortunately, Philips has decided to discontinue its Pronto business after failing to find a buyer. Here's the official quote:

"In December 2009, Philips announced the intention to relocate some of its existing remote control activities in Leuven, Belgium to Asia. At the same time, the intention was communicated to investigate alternative strategic options for the Pronto business, as this activity no longer fits with the Philips strategy. Following thorough research, no suitable partner was found for the acquisition of these activities. As such, Philips confirms today that it will discontinue the Pronto product line and related activities."
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