Bang & Olufsen hangs up on cell phone biz
The Danish company will no longer manufacturer expensive, design-centric cell phones.
Apparently even Bang & Olufsen is feeling the effects of the sour economy. The Danish company, which has a built a reputation as a purveyor of high-end electronics, is exiting the cell phone business. The Financial Times reported Wednesday that besides phones, Bang & Olufsen will also stop making DVD players and recorders in an effort to concentrate on televisions and audio equipment.
Granted, it's not a huge loss to the cell phone world. The