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Intel is reportedly backing away from wearables (update: it says no)
When Intel bought Basis back in 2014, there were hopes the acquisition would push the wearables firm to the next level. Sadly, things didn't go that way -- the company's first Intel-backed product had a tendency to catch fire, and was subsequently pulled from the market earlier this year. Now, any hope for a bounce back has been all but extinguished: according to a report from TechCrunch, Intel's wearable division is facing massive layoffs.
