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There's just nothing quite like a promised kept, you know? Back in May, we heard that the financially troubled Clear would be making a comeback this fall, and lo and behold, the first Clear security lanes in quite some time have opened up in Orlando International Airport (MCO). Just as before, cust...

4 years ago 0 Comments
November 10, 2010 at 9:27AM
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Teetering no longer. According to Reuters, satellite phone maker TerreStar has filed for Chapter 11 bankruptcy to protect itself from liabilities in the range of $1.6 billion. As expected, a restructuring is in order, with Blackstone Group LP providing financial advice for such a move. One of TerreS...

4 years ago 0 Comments
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Remember that dual-mode OLED / Binem display from yesterday? Well, then you might want to hang onto those memories, as the company behind it has apparently now gone bankrupt. While there's no official word from the company itself, French website Actualitte is reporting that the company, Nemoptic, w...

4 years ago 0 Comments
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Dutch publisher Playlogic (Fairytale Fights, Obscure: The Aftermath) has notified the US Securities and Exchange Commission that it has entered into "surseance van betaling," which is closely equivalent to the States' Chapter 11 bankruptcy. The company claims in the filing that "Tough market condit...

4 years ago 0 Comments
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It's been something like five years that we've been eagerly waiting for InPhase to finally release that revolutionary holographic storage solution, and while there has been plenty of drama in the way of release dates promised and pushed back, and even some layoffs to keep things interesting, the com...

5 years ago 0 Comments
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Aside from pushing out around one phone per year (at best), Iridium Satellite really hasn't had a major impact on the market over the past ten years. 'Course, that's probably because it's hard to have much impact after seeking bankruptcy protection in 1999, but we digress. Starting tomorrow, new l...

5 years ago 0 Comments
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Aside from pushing out around one phone per year (at best), Iridium Satellite really hasn't had a major impact on the market over the past ten years. 'Course, that's probably because it's hard to have much impact after seeking bankruptcy protection in 1999, but we digress. Starting tomorrow, new l...

5 years ago 0 Comments
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We always knew that any company courageous enough to take a technology designed to help mega-corps monitor their inventory levels and make it mainstream would face an uphill battle, but we never envisioned Nabaztag caving entirely to the pressure. If a snippet in a recent issue of Les Echos (a Fre...

5 years ago 0 Comments
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Ugh. Another one bites the gently gnashed rock particles, as they say. Polymer Vision, which was already having some pretty significant cash flow issues back in April, has reportedly caved under pressure and sought shelter under Chapter 11. According to the Hampshire Chronicle, the company famous ...

5 years ago 0 Comments
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We have mixed feelings about the news that Psystar is going under. On the one hand, it's wonderful having somebody attempt to create powerful, expandable Macs for cheap, on the other hand the company has been generally abrasive to the grassroots hacker community its work is based on, and pretty bo...

5 years ago 0 Comments
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As you know, Rackable Systems was originally hoping to acquire the one-time king of the 3D set for $25 million (with some speculating that even that was a bit much), but it looks like the bankruptcy judges had other plans. Now that the dust has settled (and a check has been cut for almost twice the ...

5 years ago 0 Comments
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We've been steering around stories related to the woeful state of the economy -- and even trying to add some sunshine of our own -- because, frankly, writing about an endless string of companies hitting hard times is just depressing. But the bankruptcy of Source Interlink, parent company of Stereoph...

5 years ago 0 Comments
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Scientists may never fully understand why Pleo went extinct, but we've got a big hint for future generations -- it's probably because Ugobe was shipping products to customers who couldn't pay for them. That's at least the story according to Ugobe CEO Caleb Chung, who says that his robosaur was sel...

6 years ago 0 Comments
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Looks like Pleo couldn't dodge that meteor -- everyone's favorite lovable robot dinosaur company Ugobe has laid off all its employees and filed for bankruptcy. That confirms a month of speculation that things were on the brink -- Ugobe's website has been up and down for a while, and a major suppli...

6 years ago 0 Comments
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Just like it did in January of last year, Systemax is snapping up leftovers from a now-defunct national consumer electronics retailer. As part of the post-bankruptcy proceedings, Circuit City Stores Incorporated recently closed a deal that'll net it $6.5 million. The price for the coinage? Systema...

6 years ago 0 Comments