Intel-owned Basis issued a recall for all Basis Peak watches this week, citing a tendency to overheat, which "could result in burns or blisters on the skin surface." So, you know, it's time to take that Basis Peak off your wrist. And time for Intel to rethink its wearables strategy going forward.

The move doesn't come as a total surprise. In June, Basis stopped production and sales of Peak due to the same issues. The issue impacted only 0.2 percent of watches sold, according to the company. Still, Basis encouraged owners not to wear theirs until the overheating was resolved. In this most recent announcement, the company explained that a fix never materialized.

"We had hoped to update the software on your watch to address the problem," wrote Intel executive Josh Walden in a post announcing the recall. "Unfortunately, despite our best efforts, we aren’t able to develop such a solution without completely compromising the experience." Basis Peak owners can apply for a refund here, and will have access to their data through the end of the year. After that, the device won't be able to sync, rendering it mostly useless.

When Intel purchased Basis in 2014 for a reported $100 million or so, it gave itself an immediate footprint in the promising world of wearables. Basis didn't have anywhere near the marketshare of Fitbit or Jawbone, but it was a nationally recognizable brand. More importantly, it was a hedge against Intel being left behind in wearables like it had in mobile.

That hedge is now gone, at least until (or unless) Basis produces a more temperate tracker. It may be just as well; since the Basis purchase, Intel has successfully focused its attention not on our wrists and pockets, but on the cloud.