MiTAC has announced the completion of their purchase of Magellan’s consumer products division, and revealed some insights into their strategy and future plans:
- The Mio and Magellan product lines will coexist in the U.S., though they will share technological expertise
- Mio will add new “GPS-based lifestyle products” to their line, so maybe we’ll soon see their Mobile Internet Device that was on display at CES
UPDATE: TWICE is reporting that this or a similar device (they are calling it a UMPC ) will hit the market this fall at around $299.
Here’s the full news release.