Gizmondo's Spectacular Explosion

Over at Wired, Randall Sullivan writes about the spectacular breakup of Gizmondo. The discussion of the short-lived portable console's reign begins, of course, with the well-known car accident: a perfect metaphor for an imploding company. The article goes on to discuss the sordid past of Bo Stefan Eriksson, and how his role with Gizmondo never stopped his collusion with some of society's more sordid elements. From the article: "It wasn't long before Eriksson imported his wingmen from the Uppsala Mafia. Johan Enander, who had served more than two years for crimes including grand theft and extortion, handled security for Gizmondo functions. Peter Uf, who had spent more than five years in prison for fraud, was named a Gizmondo director. The company opened a glass-fronted corporate headquarters next to Farnborough Airport, and expensive Ferraris and McLarens dotted the parking lot. To add to the glitter, in 2004 Gizmondo purchased a 75 percent interest in a London modeling agency called Isis, ensuring that there would be plenty of beautiful young women at its parties and events."

Comments

Re:This is an excellent article

[red_dragon]

The best article on this subject, if only because of the absolutely spectacular flowchart attached to it, appeared on GameRevolution back in April. It kinda makes you consider tinfoil hats from a different perspective.