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ackmondual
Joined: 13 Jan 2005
Posts: 165
Location: U.S.A., Earth
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| Posted: Tue Nov 08, 2005 12:58 am |
BTW, what the other posters mentioned does seem to hold. Minus net profit does not necessarily == bankrupcy. I hear with these kinds of stuff: home consolese losing $50 every unit they sell, ditto for free printers and cell phones being handed out, they make the $$ back by other means (consoles->games, printers->proprietary brand cartridges/toners, cell phones->plans.... which BTW, at one time on Amazon, you actually earn $100 to "buy" an Ngage. That of course doesn't include the one year required contract.). But even if this was so, they're not selling even handhelds let alone games and accessories.
WEIRD
| Brian wrote: |
Who didn't see this coming
SEC 10-K Filing for 2004
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| The Company had difficult years in 2004, 2003 and 2002 due to extremely challenging industry conditions and high development costs associated with developing the Gizmondo. The Company has earned limited revenues to date and has incurred net losses of approximately $99 million, $8 million and $11.1 million for the years ended December 31, 2004, 2003 and 2002, respectively. Additionally, the Company will report an operating loss in the first six months of 2005 of more than $210 million, principally due to development costs for the Gizmondo and non-cash expenses associated with shares of restricted common stock issued for services. |
They'll have to sell a heck of a lot of Gizmondos to get profitable, and who's going to buy a current model when they're already talking about their upcoming "widescreen" model?
http://www.engadget.com/entry/1234000183059273/
Brian |
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Brian
Staff Writer
Joined: 18 Sep 2003
Posts: 2070
Location: Worcester, MA
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| Posted: Mon Jan 09, 2006 12:05 pm |
Why doesn't this surprise me..
| Quote: |
Public Relations Contact(s):
Year-round
Barry Taylor
Ph: 828 506 7451 |
Barry Taylor establishes he's from Franklin, NC.
So, a little more digging gives us this, which leads to this:
| Quote: |
For Release: November 1, 2000
U.S. District Judge Finds North Carolina Man in Violation of 1996 FTC Order
A U.S. District Judge held Barry Taylor, of Franklin, North Carolina, in civil contempt for resuming fraudulent sales of business opportunities in violation of a 1996 stipulated settlement with the Federal Trade Commission. In a ruling from the U.S. District Court for the Middle District of Florida, after finding that Taylor's deceptive practices cost consumers at least $656,257, Judge Anne C. Conway entered a judgment against him in that amount. The order also bans Taylor from any future involvement in the advertising, promotion, marketing and sale of any franchise or business venture, and requires him to relinquish assets frozen by a March 23, 2000 court order.
In seeking the civil contempt judgment, the FTC alleged that Taylor violated the 1996 order by selling greeting card rack and other business opportunities through his North Carolina company, Chapel Hill Enterprises, LLC. According to FTC court filings, Taylor has induced consumers to invest up to $49,000 each for greeting card racks, pay telephones and vending machines since at least 1998. Taylor misrepresented the amount of money consumers would earn from their investments, falsely promised that he would help them find locations for their products, and misled consumers into believing that he was a representative of Freedom Greeting Cards, the company that sold him the cards for his greeting card racks. Taylor also failed to provide refunds to dissatisfied consumers.
Taylor was one of the defendants targeted in "Project Telesweep," a joint federal and state government crackdown on business opportunity fraud. In its 1995 complaint against Taylor and his company, Telecommunications of America, Inc., of Altamonte Springs, Florida, the FTC charged that Taylor, Robert Diehl and Stephen Jonathan Burns used a variety of deceptive tactics when offering pay telephone business opportunities. They allegedly made false earnings claims; used "shills" as phony references; falsely promised that locating companies they recommended would find profitable locations for the pay telephones; and understated the amount of start-up costs consumers would pay to set up their pay telephones, according to the FTC.
The order finding the defendant Taylor in contempt for violating the 1996 order was entered in the U.S. District Court for the Middle District of Florida, Orlando Division, on October 5, 2000. |
Brian
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Brian
Staff Writer
Joined: 18 Sep 2003
Posts: 2070
Location: Worcester, MA
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| Posted: Mon Jan 09, 2006 12:16 pm |
Gizmondo's booth at CES wasn't quite as big as last year and they were eerily silent without the usual barrage of press releases.
2006
2005
I wonder why  ?
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dmccunney
Joined: 12 Sep 2005
Posts: 2366
Location: Second to the left, and straight on till morning
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| Posted: Mon Jan 09, 2006 1:49 pm |
| Brian wrote: |
Gizmondo's booth at CES wasn't quite as big as last year and they were eerily silent without the usual barrage of press releases.
2006
2005
I wonder why ? |
What would they have to talk about?
This? 
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Dennis |
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unhappychild
Joined: 04 Jan 2006
Posts: 16
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| Posted: Mon Jan 09, 2006 1:58 pm |
| anyone know what games they showed at ces? |
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Doc Scott
Staff Writer
Joined: 23 Jan 2004
Posts: 1694
Location: Middletown, CT
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| Posted: Mon Jan 09, 2006 2:14 pm |
Stock is selling pretty cheap lately ($2.70 currently).. better buy fast though, it probably won't be available too much longer!
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ackmondual
Joined: 13 Jan 2005
Posts: 165
Location: U.S.A., Earth
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| Posted: Mon Jan 09, 2006 4:57 pm |
Better yet, did that arrangement with M$ to port some verion of Halo for the giz ever go through?
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unhappychild
Joined: 04 Jan 2006
Posts: 16
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| Posted: Mon Jan 09, 2006 4:59 pm |
nope will never happen without home brew. was made up.
its possable. |
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Doc Scott
Staff Writer
Joined: 23 Jan 2004
Posts: 1694
Location: Middletown, CT
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| Posted: Mon Jan 09, 2006 5:25 pm |
| ackmondual wrote: |
| Better yet, did that arrangement with M$ to port some verion of Halo for the giz ever go through? |
There never was any Halo deal.. was just more Gizmondo b*llsh*t..
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unhappychild
Joined: 04 Jan 2006
Posts: 16
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| Posted: Mon Jan 09, 2006 5:27 pm |
gizmondo's behavior really is bad.
unexceptable. |
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