Foxit third e-reader company to exit market

<p>Foxit has become the latest company to exit the e-book reader market, following I-Rex and Cool-Er earlier this year.</p><p>The company, which produced the $199 (&pound;125) eSlick reader, is shutting down its European operation and focusing on software. </p><p>In a press statement, Erik Bryant, assistant vice president of sales, said: &quot;We have been licensing our PDF and ePub technology to a number of eBook vendors. Our decision to discontinue eSlick is to eliminate the possibility of competing with our partners. </p><p>&quot;We&rsquo;re looking forward to making the most impact possible on the growing eBook market by providing our proven, top-of-the-line PDF software technology as an industry standard to the principal providers of electronic reading devices.&rdquo;</p><p>Foxit&#39;s exit from the market follows that of other companies competing with Amazon, Apple and Sony for the reader market. </p><p>In July the company behind the Cool-Er reader went into liquidation. In June i-Rex, the Dutch company that produced the iLiad e-book reader first sold by Borders filed for bankruptcy.</p>