Infinium Labs (remember the phantom) in stock scandal

[Raedon]

Figures.. But if you invest in a concole called, "The Phantom" you deserve to loose money.


http://fsnews.findlaw.com/articles/ap_stories/f/1310/12-27-2004/20041227104503_19.html

[hezeuschrist]

Crazy thing is that you can actually make a lot of money on a widespread fake tip like that. If you invested a grand in shitty Infinium stocks when it started and sold it at or near the peak price it would have been a hefty turnaround.

Crazyness. Kevin Bauchus or whatever the hell his name is certainly doesn't sound convincing in his offical statement. I have a tshirt from e3 that says "I believe" On the back and has the phantom logo on the front. Heh, I use it to cover my computers case lights at night.

[thehistorian]

Did you see this from back in April?

DiStream Files Lawsuit Against Infinium Labs and Senior Executives
http://www.tmcnet.com/usubmit/2004/apr/1033835.htm

DiStream is here in Jacksonville, but I don't think this went national..

[Lady Jaye]

Was there any kind of follow-up to that story?

Hmm, the more it goes, the more the Phantom will become the best-named vaporware of all time!!!

[Algol]

Is Infinium Labs still in business? I thought they went out...

[Lady Jaye]

Nope, they're still listed as alive, as this news item from yesterday shows:

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20041230005038&newsLang=en

And this, from Dec. 27:

http://www10.dcccafe.com/nbc/articles/view_article.php?section=CorpNews&articleid=158648

In other words, Infinium is still around and they're supposed to be present at the next CES.

[tholly]

this news is not a surprise to me, considering the company that it concerns

[badinsults]

Seriously, with all this bad publicity, how do they honestly believe they will release a profitable console?

[Half Japanese]

Why are they even allowed at e3 or CES? Seems to me that by now they'd be the black sheep, the shit-stain in the undies of the industry.

[Raedon]

http://home.cablelynx.com/~tsouthern/bump.jpg

Just because I hate people who live for money..