Also, one very small technical point:
Wink was a division of quirky. Quirky went bankrupt, but wink itself did not because it was not a company.
As part of the sale of assets during the quirky bankruptcy, ownership of wink was transferred to Flextronics (the largest creditor of quirky, and the hardware manufacturer for the Wink system) as a reduction of the debt owed to Flextronics. Flextronics didn’t really want it, but it was better than getting nothing.
Flextronics has not gone bankrupt. So Wink is now a division of a non bankrupt company, but a company that didn’t really want it. And it looks like its major retail partner, Home Depot, is dropping the line. So its future is still pretty murky. We’ll just have to see what happens. ![]()
Discussion of the business side in the following topic: