Ereader Manufacturer Files for Bankruptcy

The ereader manufacturer, iRex, has filed for Chapter 11 bankruptcy after dealing with lackluster sales. The launch of iRex's iLiad ereader came along many problems such as multiple delays and missing the 2009 holiday shopping season. The CEO blames the firm's financial perils on its struggles to secure FCC approvals for the DR800, one of its ereaders.     

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