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Gizmondo Europe To Be Liquidated
20Pfhor7 writes "The English High Court has ordered Gizmondo Europe to be liquidated, according to The Register. Looks like parent company Tiger Telematics' funding plans haven't gone according as they'd hoped, and it may have to sell off its Gizmondo USA operation." From the article: "Tiger said it was considering its own future in the light of the High Court verdict, and of the liquidation of its game studios in Sweden and Manchester, England. For starters, it's now able to eliminate $72m of the $90m liabilities recorded on its balance sheet as of 30 September 2005. It said it was pondering the sale of the whole company, parts of it, or elements of the intellectual property it owns, 'including patents and game rights, and continuing operations in the USA'."
What are the chances that a Microsoft will buy Gizmondo North America to enter the handheld market. To those that say why would MS buy garbage like the Gizmondo. Its because MS doesn't do things very well in their first interation. Xbox lost a lot of money and things that were not quite right in the first generation got rectified in the Xbox 360 namely the size of the console and size of the controller. The Gizmondo is freakin huge. Thus the Gizmondo can be the first generation abortion that MS is famous for. I look forward to playing DNF on my MS picaXBox.