Sunday, October 22, 2006

Gizmondo?

The article about the Gizmondo handheld gaming device was pretty intriguing. To think that a car crash in Southern California could lead to a worldwide investigation seems like something out of the movies. The thing that got to me the most about the article was how much money Eriksson and Freer were making and spending within a startup company without anyone paying attention. Even though the gaming industry experts knew that the device was lackluster, Eriksson and Freer were still able to get investors to flock to the company's needs, allowing the duo to live well beyond their means with the help of loans and credit. Not only did they fool the investors, they were able to fool the public with a crappy handheld that went under a few months after its release... I feel bad for anyone who bought it.


In the end, Eriksson and Freer are just like any other mobsters, exploiting people and businesses to make money and continue their lifestyle... but it’s scary to think that the criminal world has moved from things like drug trafficking and debt collection to the previously innocent(comparatively) high-tech world and gaming industry.

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