Netpliance Responds Quickly to Hardware Hack
L. Taylor - May 9, 2000

Event Summary

Netpliance's stock took an 18% dip after a slot machine engineer in Las Vegas hacked a procedure to turn the network device into a full-fledged PC. Netpliance, Inc., (Nasdaq: NPLI) which only went public on March 17 at a price of $18.00 a share, was down to $14.00 a share by market close on March 21. The Netpliance, which retails for $99.00, was designed to simply do web-surfing using Netpliance's i-OpenerÖ Internet service. Netpliance's revenue model is based on the assumption that every user will sign-up for the i-OpenerÖ service which offers content, applications, and services...