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Infinium Labs Nets $5 Million Funding Commitment
Posted by
Zonk
on Wed Jan 25, 2006 04:39 PM
from the you're-entering-the-vicinity-of-an-area-adjacent-to-a-location dept.
from the you're-entering-the-vicinity-of-an-area-adjacent-to-a-location dept.
Next Generation is running the almost unimaginable news that Infinium Labs has a $5 Million funding commitment from Golden Labs Investors. From the article: "The funding, which comes in the form of a convertible debenture and warrant, and allows for an initial funding payment of $625,000, with an eventual exercising of up to $5M in convertible debt. will allow Infinium to start manufacturing and marketing its PC Lapboard peripheral. The PC peripheral, which is being billed by Infinium as 'the first device to allow gamers to comfortably use a mouse and keyboard from their couch', rotates for left and right-handed users and also inclines on a 90-degree angle, with a hard surface below for the Phantom Mouse."
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Phantom Console Put on Hold 93 comments
technoid_ writes "Looks like the Infinium Labs Phantom Game Console is put on hold until they can secure some more funding. Right now the company is focusing on getting its Phantom Lapboard to the market, and may pursue the Phantom Game service later. Interesting note, they have spent almost 4 times as much on Consultants as they have in development costs so far." From the article: "From its inception in December of 2002 through September of last year, Infinium racked up $62.7 million in losses. Of that, only $3.5 million has been lost to development costs. The company has spent more than half that in advertising, even though none of its products or services have been released yet. More of the company's money has been going toward consultants ($12.8 million), salaries ($11.9 million), and general and administrative expenses ($5.9 million)."
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Phantom Lapboard Delayed 39 comments
JamesO writes "The unique keyboard and mouse combo finds a manufacturer, but slips from its Q2 release date." From the article: "Infinium Labs' Phantom game service may never see the light of day, but at least something positive will come from the project in the shape of the system's keyboard and mouse combo. What makes the Lapboard interesting is that it features a keyboard that can be angled upwards to reveal a surface on which a mouse can operate. This means the device is perfect for use on your lap (hence the name) and ideal for those who no longer sit at a desk when using their PC."
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A Personal Note to the Fine People at Golden Labs (Score:5, Funny)
-DSR
Re:A Personal Note to the Fine People at Golden La (Score:3, Funny)
Re:A Personal Note to the Fine People at Golden La (Score:1)
Re:A Personal Note to the Fine People at Golden La (Score:3, Funny)
Next Generation is running the almost unimaginable news that Infinium Labs has a $5 Million funding commitment from Golden Fleeced Investors.
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So Lonely... (Score:5, Funny)
Mac mini (Score:1)
Nice keyboard. Now if there was only something to plug it into, say a gaming console...
You mean a $520 set-top Mac that's half the size of a GameCube [apple.com]?
Re:Mac mini (Score:1)
WOOSH (Score:5, Funny)
Suckers! (Score:3, Insightful)
Re:Suckers! (Score:4, Insightful)
Parent
Paydirt! (Score:5, Insightful)
1) Someone foolish enough to try and enter the console business - a Mitsubishi or GE or Emerson or whomever - might buy them.
2) They could at least sell that lapboard thing they developed as it actually looked pretty cool at the E3 thing.
We will see what happens now, but it's nice to see this thing may come to fruition.
Re:Paydirt! (Score:2)
That makes more sense, to me, then investing in Google right now.
$5 Million? (Score:5, Funny)
Re:$5 Million? (Score:3, Insightful)
Re:$5 Million? (Score:2)
Re:$5 Million? (Score:2)
So very sad (Score:3, Insightful)
Amazing reversal. (Score:3, Funny)
Infinium web (Score:2)
*Insert joke about it being hosted on a phantom gaming console here*
$5M? (Score:2)
Re:$5M? (Score:2)
Hmmm.... (Score:2)
Re:Hmmm.... (Score:2, Funny)
if you say that too loud Uwe Boll might try getting into the console business
Best scam ever! (Score:1)
Perfect naming... (Score:2)
Awh common don't be so hard on them (Score:2)
You make licensing deals that cost you money wich you don't have to release games on a hardware platform that is still being designed.
You get investigated by the sec because the best way to sell your s
Re:Awh common don't be so hard on them (Score:1)
Re:Awh common don't be so hard on them (Score:2)
That said, the idea of a "living room" gaming device for a PC that retains the functionality of a mouse/keyboard combination is a good one. With the increasing proliferation of high-definition television sets, it's looking better and better for the PC being hooked up to the same display as DVD players, game conso
Check your protractors (Score:2)
90 degrees is a bit excessive. I have yet to see an image of the keyboard with the board and pad perpendicular; most places have it titled only slightly upwards. Perhaps they meant a 45-degree angle.
Re:Check your protractors (Score:1)
They'rrrrre back! (Score:2)
There's a penny arcade somewhere... (Score:1)
But PA's archival comic search is broken, and if you keep hitting the "back" button, sometimes it doesn't go to the previous comic, so I gave up on looking for it.
Re:There's a penny arcade somewhere... (Score:4, Informative)
Parent
Re:There's a penny arcade somewhere... (Score:1)
Re:There's a penny arcade somewhere... (Score:2)
Laundering? (Score:2)
This must be some sort of Laundering scam.
Wow! (Score:2)
Re:Wow! (Score:2)
The Duke (Score:2, Funny)
Re:The Duke (Score:2)
Doin A Favor (Score:2)
Oh yeah, almost forgot... Suckers!!!!!!
Sorry, I really couldn't resist that one.
Mighty expensive keyboard (Score:2)
Someone didn't even take the time to google search (Score:2)
Now you see why they sued HardOCP when they fully exposed the actual business model and modus operandi of the company. Dumb investors get exactly what they deserve.
Make it for the Xbox 360 (Score:2)
Man, I actually feel dirty admitting that.
Why not Qonos? (Score:1)
--
Hydrix: home of project QoNoS [hydrix.com]
Not quite what they promissed (Score:2)
Picture (Score:2)
THIS is the BEST lapboard ever! (Score:1)
http://fingerworks.com/ [fingerworks.com]