Remember Infinium Labs, the makers of the Phantom game console, which has been total vaporware for at least a couple years? Their latest quarterly report filing says that they’re almost out of cash. While a lot of people online don’t seem too surprised by this, I have a slightly different perspective, and what I’ve seen doesn’t look like a company that’s about to implode.
As mentioned before, Infinium’s Seattle R&D office was right next to my office, and I saw their people daily until they moved into bigger offices on September 1st. They certainly weren’t acting like they were broke–the employees were working long hours right up to their move-out date. I saw glimpses of Phantom prototypes and production samples from time to time, but I never got a demo. One of their managers had a wall-mounted countdown clock, set to trigger in November–they were really focused on getting their product out on time.
Personally, I expect them to ship the thing, perhaps on time, perhaps a bit late. I don’t have high expectations for their product, but I don’t expect them to implode before they ship.