Well it didn't take a genius to see that this was as inevitable as the Zodiac Tapwave who also thought they could take on Sony and Nintendo in the handheld games sector. Perhaps if either party had spent a fraction of their shareholders money on creating an educational digital assistant (Edmondo anyone??) and supporting software they'd still be around to tell the tale:
From the
Guardian:
Game over
Shares in Aim-listed cash shell Warthog lost 0.02p to 0.215p as Gizmondo, the UK's supposed rival to Nintendo and Sony, called in the liquidators after attempts to raise a new line of credit to allow the business to trade itself out of administration fell through. Joint liquidators David Rubin & Partners and Begbies Traynor have laid off all staff, according to a filing from Tiger Telematics, and are looking at a sale of assets such as its intellectual property. Tiger Telematics, the company's US-listed parent, added that it might also go bust. Warthog owns almost half a million shares in Tiger Telematics. Gizmondo launched its handheld gaming device 10 months ago with the sort of fanfare not seen since the dotcom era.
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