X
  • Tech
  • Tech Industry
  • Tech Industry

Short Take: Bandai liquidates digital entertainment division

Bandai announced that it will take a one-time charge to liquidate its ill-fated digital entertainment division, which was the first licensee of Apple Computer's Pippin game and entertainment platform. Bandai's Pippin Power Player failed to catch on with the market and created massive losses for the company. The charge will come to $88 million, but Bandai said sales of its Tamagotchi virtual pets will bolster its earnings.

Michael Kanellos Staff Writer, CNET News.com
Michael Kanellos is editor at large at CNET News.com, where he covers hardware, research and development, start-ups and the tech industry overseas.
Michael Kanellos
announced that it will take a one-time charge to liquidate its ill-fated digital entertainment division, which was the first licensee of Apple Computer's Pippin game and entertainment platform. Bandai's Pippin Power Player failed to catch on with the market and created massive losses for the company. The charge will come to $88 million, but Bandai said sales of its Tamagotchi virtual pets will bolster its earnings.