Coby says it isn't going to make a netbook, but it is

The eagle eye of James Kendrick lands on a trademark application.

Coby's plan is perhaps is not to turn its ability to manufacture and shift tons of stuff to making a genuinely sub-$100 computer. (Update: that rumor was an anonymously sourced hoax and denied outright by Coby. If it is now making a netbook, there's no reason to assume specifications and pricing yet)

Coby netbook... [JKontherun]