The VR3 was unveiled at LinuxWorld Conference and Expo in August 2000[REF] by Agenda Computing, which was at the time "a wholly owned subsidiary of the publicly traded electronics manufacturing giant, Kessel International Holdings, based in Hong Kong."
By late 2001, the VR3's price dropped from $249 to $119 at some US retailers, which caused some to wonder whether the promised VR5 (a color handheld) was to be released, or Agenda Computing was closing shop [REF].