Life is a collection of stories.
Well, the folks at Wired Magazine, in the October 2006 issue, have written a great story about the demise of Gizmondo and the rampant corruption surrounding the players. It's hard to believe that the tale is real. Gizmondo plowed through some $382.5M of sustained net losses while trying to build a handheld gaming device to knock off Sony and Nintendo. They were completely unsuccessful, but that's not the story. The story is behind the scenes, in the past, present, and future of some of the key players in the company.
Am I reading fiction or non-fiction here? It's so well written, and so unbelievable, that it's hard to tell. I love it. A great read.
Randall Sullivan does an excellent job telling the long, sordid tale, and unwinds the story all the way back to the Uppsala (Sweden) Mafia, a wrecked Ferrari Enzo traveling 194-mph on a stretch of Pacific Coast Highway just north of Malibu, guns, self-proclaimed anti-terrorist units, multi-million dollar salaries and bonuses, majority ownership in a modeling agency to ensure plenty of beautiful young women at their parties, mansions, yachts, and it goes on and on. Very entertaining.
- The Trial for Alleged Ferrari Crash Driver (Stefan Eriksson) Slated to Start Oct. 17.
- More on the Enzo Incident on PCH, With Photos!
- Gizmodo on Gizmondo
- The firm that blew it all in two years
Tags: Gizmondo, Corruption, Wired, Wired Magazine, Brian Berliner, brianberliner