Infinium Targets Gamers For Stock Purchase After Split 56
Thanks to HeraldTribune.com for its article discussing the continuing fortunes of PC 'game console' manufacturer Infinium, following much controversy over their forthcoming Phantom console in recent weeks. Infinium CEO Timothy Roberts is quoted as saying, following a "four-for-one stock split", the second of the year, that "...part of Infinium's stock marketing effort will be aimed at video game aficionados, people who have contacted the company via e-mail because they are interested in using the product when it is rolled out and who may also have expressed interest in making a stock investment." With regard to this, it seems that, judging by current prices, "...even before it has a product to sell, Infinium has a market capitalization of $133 million ($5.80 times 23 million shares)."
Uhhhm, (Score:2, Interesting)
Devil's Advocate (Score:4, Interesting)
You just invested 500 bucks in Infinitium Labs, or whatever they call themselves today. There are two simple possibilities: one, they sink someplace in the middle; two, they get to India by Sea by going across the Atlantic Ocean.
The Metaphor is sound. There are people who will take the risk because it's cheap right now, on the premise that there's a small, small chance that this will be one of the best investments of their life. Granted, it's small, and the company is really skuzzbucket, but if they do in fact pull off what they're saying they're going to pull off, they might change the console industry forever - and make you, the investor, a lot of cash money in the process.
Just playing Devil's Advocate.
I'll buy Infinium Stock! (Score:2, Interesting)
heh - who said the dotcom days are dead? (Score:5, Interesting)
Now, a year or so later, the only multi-millionaires are the brainiacs who ran the business into the ground but did it so convincingly that they walked off with the only value the company had left. It almost seemed a distinct negative correlation between the how hard someone worked and how talented you were to how well the company would treat you in the end.
The guy spending 70+ hours a week writing OO code? Fired without notice, 3 month serverence.
The "turn around genius" office manager who spent an entire year flying first class and never managed to land a single client? His $300,000+ salary was paid to him for a year after the office folded.
And the top execs all pulled their golden chords, made millions, and bought fast food chains or notwhat.
Hey Infinium. Bite me. I've heard this nonsense before.
Re:Call me crazy, but... (Score:3, Interesting)
We see that the stock underwent a 1:25 split! meaning that on Aug 4th 2003 if you had 25 shares they became one share.
Suggesting they had WAY too much stock out there...
The HeraldTribune article should do a little more research
Better yet Kevin Bachus [yahoo.com] has No shares of this company. What a vote of confidence.
Their Budget? RD spending [yahoo.com] = 0
What a great opportunity...
to short!
Re:Giving SCO a run for its .... (Score:3, Interesting)
This gave Infinium Labs a public valuation and stock that was publicly traded...but it was all bullshit.
I was just wondering. (Score:2, Interesting)