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Phantom Console May Never Materialize

Posted by Zonk on from the going-once dept.

CNN Money's excellent column Game On is running a piece discussing the conspicuous absence of the Phantom console from this year's E3. The service-based system which was to allow download and purchase of games via a living-room unit has been the subject of dubious press coverage and general mistrust, all of which appears to have been well deserved. From the article: "The company believes, based on past performance, that there is a high likelihood that sufficient capital will not be available ... and many or all of these milestones will be missed and the launch date will again shift and/or the company will go out of business..."

4 of 253 comments (clear)

  1. Hard OCP's expose by PIPBoy3000 · · Score: 5, Informative

    HardOCP did a great expose on this company.

    Of course, they then sued HardOCP and were generally nasty, so I'm pretty happy about the way this all turned out.

  2. For those who don't know what this is about... by halivar · · Score: 5, Informative

    Read all about it here.

    There, now I've done my karma-whoring for the day.

  3. Best Evidence that Phantom Is Finished by MBraynard · · Score: 4, Informative

    The efficient market theory at work.

  4. it's been doomed since day one by Scruffeh · · Score: 3, Informative

    Their CEO has a very very long history of failed buisness ventures. Hard OCP reported this over 2 years ago and then Infinium tried to sue them.

    No surprise at all really. It's one of the biggest example of vapourware ever....

    Here's the HardOCP article which they got sued for. Loads of dodgy looking stuff here:

    http://www.hardocp.com/article.html?art=NTEyLDI=

    http://www.theregister.co.uk/2004/02/20/infinium_l abs_gets_litigious/