Valleywag
deathwatch
Posts Tagged “
Bankruptcy
”
deathwatch
ziff-davis
Print magazines about tech prove a bankrupt idea
Jason Young, CEO of technology publisher Ziff-Davis, couldn't solve the company's $225 million debt problem. That means a round-trip back to bankruptcy court, whiled it restructures yet again. What it has left to restructure is an utter mystery. More »
bankruptcy
Creditors attempt to block Pay By Touch shutdown
A tipster tells us top management at Pay By Touch, the biometrics payments firm run into the ground by felon John Rogers and now struggling in bankruptcy, has auctioned off its "core assets" in an attempt to pay off creditors. That may not be the case: On Friday, a party of creditors filed a restraining order with a court in Los Angeles to prevent management from "shutting down the operations of Pay By Touch Payment Solutions" — its main business. A shutdown, presumably, would only come after a failed attempt to sell the operation. How touching that someone still wants Pay By Touch to stay in business.
bankruptcy
Bankrupt Sharper Image to haunt gadget lovers
The news that Sharper Image, the San Francisco-based gadget-vending chain, has filed for bankruptcy has sparked a wave of premature nostalgia. Naive sorts think that Chapter 11 means a swift farewell to a company. Nothing of the sort. Sharper Image, buoyed by a loan from Wells Fargo, will stay open, continuing to hawk Ionic Breeze air purifiers while it sorts out its finances. Too bad. As a creative concern, Sharper Image went out of business long ago. It fired its founder, Richard Thalheimer in 2006, and is besieged by lawsuits; SF Weekly has an excellent retelling of that tale. The tragedy here is not that Sharper Image will soon roll up its windows; it's that it takes so long for a good idea gone bad to give up the ghost.
techmeme
Afternoon news: Memeorandum goes Newspeak
- Yahoo gets an NYT section cover story for, um, improving its ad program. Thrilling. [NYT]
- Cry baby cry: Apple (the White Album one) loses its case against Apple (the White iPod one). [BBC]
- The New York Times starts its E3 coverage. A week of coy euphemisms for "booth babe" commences. [NYT]
- Tech Memeorandum is now Techmeme. Given that creator Gabe Rivera lives with TechCrunch creator Michael Arrington, this is all kinds of wrong. [Techmeme]
- Big-time graphics firm Silicon Graphics Inc. goes bankrupt, just a couple months after picking a new CEO who cut an eighth of the team. One assumes the government won't be subsidising SGI to protect the economy. [CNET]
