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Gizmondo Future Sealed

Zonk posted more than 7 years ago | from the not-wak dept.

Businesses 16

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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It was doomed (0)

Anonymous Coward | more than 7 years ago | (#14539508)

The name killed it. Naming your console after "jizz" is a death sentence.

I've Solved step 2! (1)

tb3 (313150) | more than 7 years ago | (#14539528)

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!!!!

Re:I've Solved step 2! (1)

Fred Or Alive (738779) | more than 7 years ago | (#14539774)

Apart from the fact the Gizmondo actually managed to get itself released (at least in the UK). Not that many people in the UK would've actually noticed.

Another for the obscure failed consoles list...

Re:I've Solved step 2! (0)

Anonymous Coward | more than 7 years ago | (#14539776)

Actually, these jokes are funnier when you include the ??? step. But thanks for trying!

Re:I've Solved step 2! (2, Funny)

InsaneLampshade (890845) | more than 7 years ago | (#14540812)

Your plan seems so foolproof!! It's just that damn step 3 that never seems to work! :(

no surprise (2, Funny)

blupp42 (948224) | more than 7 years ago | (#14540176)

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!).

Re:no surprise (1)

InsaneLampshade (890845) | more than 7 years ago | (#14540887)

"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. (2, Informative)

phase_9 (909592) | more than 7 years ago | (#14540177)

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.

Re:Saw this one coming. (1)

MikeFM (12491) | more than 7 years ago | (#14542146)

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? (2, Interesting)

TarikJax (919148) | more than 7 years ago | (#14540204)

Why is Gizmondo *Europe* filing for bankruptcy in the US? I don't understand the world :(

This statement is false... (1)

oahazmatt (868057) | more than 7 years ago | (#14540907)

Saying "Gizmondo Future Sealed" implies the device had a future. I doubt many predicted an ounce of success for the handheld.

Lessons to be learned (1)

blincoln (592401) | more than 7 years ago | (#14541221)

- 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."

Re:Lessons to be learned (1)

InsaneLampshade (890845) | more than 7 years ago | (#14542157)

Do Americans pronounce it "jizz" then? Everyone i knew pronounced it with a "G" sound (e.g the first letter of Game), and then "iz".

Re:Lessons to be learned (1)

MrT (9608) | more than 8 years ago | (#14546388)

Sure, like Jizzmo, the little furry guy in Gremlins

Re:Lessons to be learned (1)

duffahtolla (535056) | more than 8 years ago | (#14553329)

Do Americans pronounce it "jizz" then?

I can only speak for myself but I'm an American and pronounce it with the hard G (as in Game).

What the?! (2, Funny)

beluv (757231) | more than 7 years ago | (#14543064)

No one has made a joke about Duke Nukem Forever yet?
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