Gizmondo into Liquidation

The company Gizmondo is going into liquidation and that's not a good thing. Looks like things are not going too well for the handheld game maker that included a GPS and promised GPS based games. Well, the owners of the Gizmondo handheld games console that promised a host of features including GPS and a digital camera alongside a state of the art games console has gone into liquidation according to the hardware site of The Register.

Tiger Telematics, its parent company failed to persuade the English High Court to put the subsidiary into administration.

GPS your Roulette

Gizmondo Europe was still offering consoles and related products for sale via its web site, however, the company's high profile showroom on London's Regent Street was closed yesterday.

The court hearing took place on Thursday, 2 February after being adjourned from Tuesday, 31 January. According to RegHardware, “The court ordered Gizmondo Europe to be wound up and placed the remains in the hands of joint liquidators David Rubin & Associates and Bigbee & Traynor”.

ReadMore

Read More in: GPS News

Share this Article with others:

Related Articles:

• More GPS Satellites; Better GPS Accuracy - Jan 11, 2010
• DeLorme Teams up with SPOT - Transmit Messeges from your Handheld GPS - Jan 05, 2010
• Top Stories and Top 5 Reviews for 2009 at GPS Lodge - Dec 30, 2009

Came straight to this page? Visit GPS Lodge for all the latest news.