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Intel, SAP Dissolve Online Venture

August 01, 2000|Reuters

Intel Corp. and German business software group SAP said their 3-year-old e-commerce joint venture, Pandesic, has joined the growing line of failed online retailers. Pandesic is being closed down because it did not see "a timely road to profitability" due to slower than anticipated market acceptance of business-to-consumer e-commerce solutions, SAP said.

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