Tablet to launch in H2, says Itautec

Thursday, March 17, 2011

Brazilian PC maker Itautec plans to launch its own tablet during the second half of the year, local press quoted company president Mário Anseloni as saying.

The idea is to launch the product together with its ecosystem of applications, he said. "If it were just the product, we could launch in a month. But the tablet by itself doesn't do anything; it needs to be in an ecosystem."

While Itautec is still working to define which operating system the tablet will run on, "we're reviewing various Android versions, like Froyo and Honeycomb. Neither do we rule out adopting Microsoft software," Wilton Ruas, VP of technology and innovation, was quoted as saying. The device is expected to have a 10-inch screen and WiFi and 3G connectivity.

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The company announced earlier this week that it is completely renovating its PC operations, expanding its product offer and looking to increase its presence in sales channels, while also upping business in the retail and corporate segments.

All of the moves point to the company's looking to reverse its financial performance. Itautec posted a net loss of 13.8mn reais (US$8.4mn) during 4Q10, compared with a net profit of 21mn reais in the year-ago period. Quarterly revenues were 417mn reais in comparison to 556mn reais in the year-ago period.

Yearlong net profits were off more than 77%, reaching 11.5mn reais.