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Bandwagon Central => General => Topic started by: joneszilla on August 27, 2003, 04:11:13 PM

Title: A New Game Console?
Post by: joneszilla on August 27, 2003, 04:11:13 PM
From CNN:
The Phantom (http://www.cnn.com/2003/TECH/08/27/hln.game.phantom/index.html)


Specs and Pic (http://www.infiniumlabs.com/text/Phantom_Product_Sheet.pdf)
Title: Re:A New Game Console?
Post by: Zanshin on August 27, 2003, 04:25:20 PM
Eh.  Too many choices out there.  This one sounds like a PC without a CD drive to me.
Title: Re:A New Game Console?
Post by: joneszilla on August 27, 2003, 04:31:38 PM
Quote from: Zanshin on August 27, 2003, 04:25:20 PM
Eh.  Too many choices out there.  This one sounds like a PC without a CD drive to me.

Yeah.  To a person like me who doesn't have broadband at home....that thing is worthless.
Title: Re:A New Game Console?
Post by: MURP on August 27, 2003, 05:10:11 PM
i like the idea i it coming with 50 games.   though odds are that 49 of em will suck ass and the 50th will be Tomb Raider 69: curse of the baked beans.
Title: Re:A New Game Console?
Post by: RomeyRome on August 27, 2003, 05:43:34 PM
Quote from: MURP on August 27, 2003, 05:10:11 PM
i like the idea i it coming with 50 games.   though odds are that 49 of em will suck ass and the 50th will be Tomb Raider 69: curse of the baked beans.

:-D
Title: Re:A New Game Console?
Post by: DarthDawkins on August 28, 2003, 01:07:24 AM
[homer simpson] mmm.... baked beans :drool :drool :drool [/homer simpson]
Title: Re:A New Game Console?
Post by: dpierce on August 28, 2003, 08:06:05 AM
Quote from: Zanshin on August 27, 2003, 04:25:20 PM
Eh.  Too many choices out there.  This one sounds like a PC without a CD drive to me.

It seems more like the 21st century version of Vectrex to me...

(http://www.roachnest.com/vectrex/images/vec_unit_gray.jpg)

It'll be off the market in 18 months, tops.
Title: Re:A New Game Console?
Post by: MURP on August 28, 2003, 09:02:10 AM
dpierce... that thing looks like something you built in your basement outta scrap metal.  ;D
Title: Re:A New Game Console?
Post by: dpierce on August 28, 2003, 09:07:53 AM
I did have one of those in the 80s...and they all looked that way.

They were pretty cool for their time...now they're antiques by video game standards.
Title: Re:A New Game Console?
Post by: Spackle on August 28, 2003, 05:07:06 PM
as far as i've seen, none of the consoles have really had much luck with the whole online gaming angle
why would they try to base an entire platform on it?

if you wanted to play games online, wouldn't most people just use their computer?

and if you want to buy new games youe have to download them i assume?
can u imagine the time it would take to download a ps2 game with a 56k modem?
sounds like someone hasn't really thought this one out too good
Title: Re:A New Game Console?
Post by: General_Failure on August 28, 2003, 11:27:25 PM
Quote from: dpierce on August 28, 2003, 09:07:53 AM
I did have one of those in the 80s...and they all looked that way.

They were pretty cool for their time...now they're antiques by video game standards.

I knew a couple different people who had one. Pretty fun.

(http://home.wanadoo.nl/hessel.meun/vectrex/spike.jpg)
Title: Re:A New Game Console?
Post by: General_Failure on September 18, 2003, 11:45:52 PM
all about the company behind the Phantom. (http://www.hardocp.com/article.html?art=NTEy)
Title: Re:A New Game Console?
Post by: Zanshin on September 19, 2003, 08:23:57 AM
Quote from: General_Failure on September 18, 2003, 11:45:52 PM
all about the company behind the Phantom. (http://www.hardocp.com/article.html?art=NTEy)

Sounds great.  I'm writing my investment check as I type. ;D

Good article.
Title: Re:A New Game Console?
Post by: joneszilla on September 19, 2003, 11:55:07 AM
Quote

"To get really good at doing this, you have to do multiple companies."

He also told us:


"When you play high risk games, you are not going to win all the time."

HAHA.....what a scammer this guy is.  Good find on the article.
Title: Re:A New Game Console?
Post by: MURP on September 19, 2003, 02:33:45 PM
nice find GF.

im kinda shocked as to how people like that  get away with so much.  Where do they learn  how to obtain millions of dollars and really do nothing except party and go bankrupt?   and how is that legal anyway?  where is the secret school that teaches this shtein.
Title: Re:A New Game Console?
Post by: dpierce on September 19, 2003, 07:07:48 PM
Quote from: MURP on September 19, 2003, 02:33:45 PM
nice find GF.

im kinda shocked as to how people like that  get away with so much.  Where do they learn  how to obtain millions of dollars and really do nothing except party and go bankrupt?   and how is that legal anyway?  where is the secret school that teaches this shtein.

The world's second oldest profession (con man) finally made it to the internet. :P
Title: Re: A New Game Console?
Post by: Father Demon on June 05, 2006, 04:47:40 PM
Article about this piece of shtein (http://www.joystiq.com/2006/05/18/infinium-founder-charged-with-using-impending-phantom-launch-t/)

Quote
Timothy Roberts, the founder and former CEO of Infinium Labs, the company that promised us the Phantom (which came in at second on Wired's list of vaporware products of '06), has been accused by the Securities and Exchange Commission of artificially inflating stock and selling it on at a $422,500 profit. The SEC alleges that Roberts hired a promoter to send junk faxes to investors citing the Phantom's imminent launch, when in fact the console had postponed the launch due to insufficient funds.

According to the SEC, Roberts then sold 1.3 million shares from the company -- without any disclosure -- and secretly paid the promoter he had hired. These two actions, unfortunately for Roberts, are against the law: the SEC has asked a court to force Roberts to surrender the cash, pay a penalty and to prohibit him from ever becoming a CEO again.

Meanwhile, the company -- sans Roberts -- has blown through $63 million without producing the Phantom and has lost another CEO yet still claims to be relevant and capable of launching The Phantom along with a useless lap-based keyboard accessory. Someone put the company out of its misery. Pretty please?

I found this way old thread from before I was a CFer.

I worked for Tim Roberts back in 2000 for a short time.  He started this company called Broadband Infrastructure Group, and I was hired on as one of the "founding partners" in one of the companies under this umbrella company BIG.  He had all these impressive financial sheets documenting the money he raised, all these Board of Director big wigs he had hired, and the list of staff from BIG was also impressive.  I was given 500,000 shares as part of my signing bonus, which seemed sweet at the time.  Anyway, the company failed in record time, and the 200 people that had been hired were all SOL.  I did manage to collect $1600 on the $75000 they contractually owed me, so that worked out   :boo

He bailed to Florida when BIG failed, after there were allegedly reports on his life and home.  He showed up the day they were closing the doors, and had to scram out of there in his Cobra, fearing for his safety.  Oh yeah -- his brother (who was just like him) OD'd in the last couple of years.  Good riddance.  I hope this POS Tim Roberts gets his ass sued off finally, and has to suffer a bit just like the hundreds (or maybe thousands) of people he has financially impacted have had to.
Title: Re: A New Game Console?
Post by: mussa on June 05, 2006, 05:11:29 PM
my buddy was involved with a start-up corporation in dallas texas, that failed and he didn't get all that was owed too him.  thats a chance you take with start-ups. its a risk.  this shtein happens all the time.  its horrible, but people get away with it.  lawyers are the fargin devil's workers in todays world. 
Title: Re: A New Game Console?
Post by: Phanatic on June 05, 2006, 05:33:07 PM
Quote from: DemonchildrenOnTurf on June 05, 2006, 04:47:40 PM
Article about this piece of shtein (http://www.joystiq.com/2006/05/18/infinium-founder-charged-with-using-impending-phantom-launch-t/)

Quote
Timothy Roberts, the founder and former CEO of Infinium Labs, the company that promised us the Phantom (which came in at second on Wired's list of vaporware products of '06), has been accused by the Securities and Exchange Commission of artificially inflating stock and selling it on at a $422,500 profit. The SEC alleges that Roberts hired a promoter to send junk faxes to investors citing the Phantom's imminent launch, when in fact the console had postponed the launch due to insufficient funds.

According to the SEC, Roberts then sold 1.3 million shares from the company -- without any disclosure -- and secretly paid the promoter he had hired. These two actions, unfortunately for Roberts, are against the law: the SEC has asked a court to force Roberts to surrender the cash, pay a penalty and to prohibit him from ever becoming a CEO again.

Meanwhile, the company -- sans Roberts -- has blown through $63 million without producing the Phantom and has lost another CEO yet still claims to be relevant and capable of launching The Phantom along with a useless lap-based keyboard accessory. Someone put the company out of its misery. Pretty please?

I found this way old thread from before I was a CFer.

I worked for Tim Roberts back in 2000 for a short time.  He started this company called Broadband Infrastructure Group, and I was hired on as one of the "founding partners" in one of the companies under this umbrella company BIG.  He had all these impressive financial sheets documenting the money he raised, all these Board of Director big wigs he had hired, and the list of staff from BIG was also impressive.  I was given 500,000 shares as part of my signing bonus, which seemed sweet at the time.  Anyway, the company failed in record time, and the 200 people that had been hired were all SOL.  I did manage to collect $1600 on the $75000 they contractually owed me, so that worked out   :boo

He bailed to Florida when BIG failed, after there were allegedly reports on his life and home.  He showed up the day they were closing the doors, and had to scram out of there in his Cobra, fearing for his safety.  Oh yeah -- his brother (who was just like him) OD'd in the last couple of years.  Good riddance.  I hope this POS Tim Roberts gets his ass sued off finally, and has to suffer a bit just like the hundreds (or maybe thousands) of people he has financially impacted have had to.

What comes around goes around...
Title: Re: A New Game Console?
Post by: Diomedes on June 06, 2006, 08:17:51 AM
Quote from: Phanatic on June 05, 2006, 05:33:07 PMWhat comes around goes around...

Yeah, and pigs fly too!
Title: Re: A New Game Console?
Post by: Phanatic on June 06, 2006, 09:52:11 AM
Quote from: Diomedes on June 06, 2006, 08:17:51 AM
Quote from: Phanatic on June 05, 2006, 05:33:07 PMWhat comes around goes around...

Yeah, and pigs fly too!

Yeah those police copters are the shizzle...