Tuesday, February 21, 2006

Gaming Business News

Item one: Atari is laying off twenty percent of their workforce. From TheStreet.com
Facing questions about its ability to stay in business, Atari is laying off 20% of its staff in an effort to cut costs.

Twenty percent. That's a gigantic staff cut. It may be terminal. And that won't wind up being twenty percent, because in addition to those people, anybody with talent is going to get the hell out of there right now. So you pick the twenty percent, which (in theory) are your weakest people, but you're also losing ten percent (probably more) off the very top. What you wind up left with are the people not quite bad enough to fire but not quite talented enough to leave.

Not exactly a recipe for a turnaround.

Item Two: Infinium (and I know I said I wouldn't write about them again until they shut down) is trying to raise a million dollars in cash to continue operations long enough to get the "Phantom Lapboard" to market. The lapboard is a "wireless, rotating custom keyboard/turntable with integrated mousepad."

Train wreck.

So here's the question: is it possible to raise one million dollars from the stupidest people in the world? I guess we're about to find out, because no one else would even give these guys a dime.

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