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Gizmondo Future Sealed 16

Posted by Zonk
from the not-wak dept.
Last week we discussed Gizmondo's bleak future. Over the weekend, Gamasutra reports, Gizmondo Europe filed for bankruptcy. From the article: "According to an SEC filing in the U.S., the application 'provides Gizmondo Europe with a moratorium in order to affect a financial restructuring of the business.' Gizmondo Europe will have a court hearing on 31 January 2006 to grant the administration order. During the interim period, Gizmondo Europe is immediately subject to protection of the Court and all enforcement actions of creditors are automatically stayed."
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Gizmondo Future Sealed

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  • Based on the brilliant business plans of Infinium Labs and Gizmondo, the secret plan is:

    1. Start new video game hardware company,
    2. Dupe foolish investors with cardboard mock-ups,
    3. Profit!!!!
  • no surprise (Score:2, Funny)

    by blupp42 (948224)
    When I visited the store in London in Regent Street there were hardly any customers anyway. And the Sales guy proudly showed me his copy of Spiderman 2 on the Gizmondo with a nice "#tmd-moviez" tag below it. Of course he explained he officially bought it (not to mention it was still shown in the cinema and the DVD wasn't out at that time. pah, of course not!).
    • "When I visited the store in London in Regent Street there were hardly any customers anyway."

      Hmm..."hardly any" seems a bit high to me. Everytime i've gone past it, there have been none. In fact, i might just have a walk down there in a minute... just to laugh of course!
  • Saw this one coming. (Score:2, Informative)

    by phase_9 (909592)
    I was at the Gizmondo launch party in central London back in April / May time. They must have spent millions on it with live performances from Sting, Jamiriqui and various other "expensive to hire" types (Tom Green and Danni Minouge provided an appauling dynamic). At the time I thought it was doomed to failure (it looked like a cross between an Atari Lynx and that odd Nokia gaming phone) - still, the free chamapagn helped dull the pain.
    • Hey, I love my N-Gage QD! It makes other phones look like crap when it comes to playing games. If only they'd keep advancing it to stay with the times. A good built-in camera would go a long way. Not quite as powerful as a PSP but smaller and certainly powerful enough for some very nice games. Better than a GameBoy or whatever is crammed into your normal phone.
  • Gizmondo Europe? (Score:2, Interesting)

    by TarikJax (919148)
    Why is Gizmondo *Europe* filing for bankruptcy in the US? I don't understand the world :(
  • Saying "Gizmondo Future Sealed" implies the device had a future. I doubt many predicted an ounce of success for the handheld.
  • - Don't sell an average-spec handheld game system for ridiculous prices, including an ad-supported model.
    - Don't give your product a name that sounds like a mashup of "jizz" and the Latin(/Italian?) world for "world."
  • What the?! (Score:2, Funny)

    by beluv (757231)
    No one has made a joke about Duke Nukem Forever yet?

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