GoingOutOfBusiness
Latest
Google to buy Modu patents, hopefully leave Nokia alone
It took complete failure to do it, but it looks like Modu founder Dov Moran finally found that new source of capital he went hunting for last November. In an effort to pay back creditors and unpaid wages, the firm's patent portfolio is slated to be snatched up by Google for roughly $4.8 million. What's Mountain View going to do with a mess of ultra-lite modular phone patents? It didn't come up, but we wouldn't be too surprised if it had something to do with its Danger-powered hardware wing and Android Open Accessory. Putting Modu to rest hasn't phased 'ol Dov, though; Israeli news source Calcalist reports that he's already invested three million smackers in a mysterious new start up -- about which Moran remains tight lipped. Goodnight, Modu; we'll always remember you as the audacious underdog who had the brass to tell Nokia to say their prayers.
Modu closing up shop in February
Looks like the bad news just got worse for Modu fans. According to reports from Israel, Modu, maker of impossibly small modular handsets, will be forced to close its doors in February as it attempts to payback debt and the salaries owed to its workers. Ironically, the news will likely spark an increase in demand as nerds battle to curate an elusive Modu W for their vintage gadget collections.
Circuit City closings begin, lines form, bargains await
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 trendy Santa Monica branch of the doomed franchise yesterday, he found lines of people already waiting for their chance get in on the "everything must go" action. It looks like the crowds were somewhat contrived, as sales associates were making people wait outside before going in, but just the same you might want to bundle up before heading out for bargain hunting today.
