"OQO is attempting to sell the company. It lacks the funds to keep going, cash is tight and work hours have been reduced," said a poster named Picasso, listed as a moderator in the OQOtalk forums.
The rumors gained steam after a U.K. retailer reportedly pulled an upcoming OQO product off shelves "due to uncertainties to stock availability" of the upcoming Model 2+ ultramobile PC, according to on JkOnTheRun blog.