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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 li

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September 28, 2009 at 9:34AM
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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 Fren

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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 f

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 bom

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

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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 sell

5 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

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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? Systemax

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Man, the difference a few years decades makes. In the 90s, Silicon Graphics helped create silver screen mega-hits like Jurassic Park and Terminator 2, and in 1997, its fiscal year sales totaled $3.66 billion. Today, the company's mired in its second bankruptcy, which has occurred just three years a

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We guess those bailout talks with DirecTV weren't so futile after all, huh? The satcaster's parent company, Liberty Media, has just stepped in to rescue Sirius XM from the clutches of bankruptcy, providing a $530 million life raft that it will use to pay off looming debt payments and keep operation

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Okay, so we hate to be blunt, but if there was one cable carrier out there just waiting to crash, it was Charter. The company famous for engaging in less-than-forthright contest practices and perpetually finding ways to perturb subscribers has just announced that a Chapter 11 filing isn't too far a

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If you were waiting to get some fliers in the mail announcing the beginning of clearances at your local Circuit City, we're sorry to report you've probably already missed the best deals. The liquidation was just made official last week, but, when Christen over at Gadget Review happened by the trend

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Even Circuit City's CEO admitted that liquidation was a very real possibility if a sale of the company didn't occur by January 16th, and needless to say, time's up. According to a breaking report from the AP, the once colossal electronics retailer will indeed be forced to liquidate, which should br

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