It's official, the dream (of the executives who had a bloody good time on company expenses) is officially over in the UK. http://www.eurogamer.net/article.php?article_id=62809
Fixed.fly high ~ayunite~ said:Should of had a business model.
aronnov said:I wasn't aware they even released their product yet?
They'll all be down the dole office shortly, according to Tiger, and operations such as the Gizmondo customer support service will be wound up quick smart. The liquidators are also expected to sell off all assets, though it's not clear exactly what these might consist of or whether they've set up an eBay account yet.
fly high ~ayunite~ said:Should of had a some sense.
Eleven months later Gizmondo was in liquidation, its reputation shredded by its association with a group of convicted criminals known as the "Swedish Mafia". More than £180m of investors' money had been spent in an orgy of corporate excess, bloated salaries and perks.
There were fast cars, a private jet, a racehorse, and lawsuits. At the height of the spending, Gizmondo bought a modelling agency, ran a fleet of 120 Smart cars and retained an 80ft super yacht.
One veteran industry source and former insider had this answer: "This was the worst case of corporate mismanagement and rape of a company and its investors that I have ever come across."
One insider believes only 30,000 gadgets were ever manufactured - at a cost to investors of £6,000 each. Meanwhile, Gizmondo the racehorse is for sale. It is described as of "modest ability" and its trainer says he is open to offers - starting at £600.
M3wThr33 said:Crap! Now I want one!
Wax Free Vanilla said:
Bud said:
Keyser Soze said:Should have had a some sense.
MassiveAttack said:Ex-Gizmondo Exec Crashes $1 Million Ferrari In LA
The Los Angeles Times reported Sheriff's Sgt. Philip Brooks as noting that Eriksson "...had a .09 blood-alcohol level, but if he's a passenger, that's OK. But he had a bloody lip, and only the air bag on the driver's side had blood on it. The passenger-side air bag did not. My Scooby-Doo detectives are looking closely into that." The Times notes that Sergeant Brooks then added: "Maybe the 'driver' had a friend who picked him up. Maybe he thumbed a ride. Maybe he was a ghost."
I was/am hoping some dirt-cheap systems would/will become available, then I WOULD/WILL really want one.ToxicAdam said:I seriously want one now. What the hell is wrong with me?
Chittagong said:
Chittagong said:
nli10 said:It was kinda obvious that this was coming when GameStation UK stopped stocking them.
Yeah if anything the stupid name just gave it away.callous said:It was kinda obvious when it was first announced.