Published: Wed, 17 Jan 2007 18:00:00 ESTCopyright: Writers Write, Inc.
Wed, 17 Jan 2007 18:00:00 EST(image) Have you ever heard of the Gizmondo, the handheld do-it-all device from Tiger Telematics that had a big buzz behind it in 2005? If you haven't heard of it that is because the Gizmondo handheld hype turned into a disaster. GameSetWatch has written a detailed 10,000 word article on the Gizmondo disaster story that peaked with the infamous Ferrari Enzo car crash.
So, here's the first of the GameSetWatch 'holiday special' articles, and it's a kinda interesting one. The first thing to note is that it's out of date - it was originally written in January 2005, and never published. And, well, it's an investigative article written by me about Gizmondo, the now-famed Ferrari-crashing, money-squandering handheld company.Even if you are not into gaming this is still a classic business meltdown story
But because it goes into unprecedented detail about the financial history of the company, I think it's worth publishing. In fact, it goes into somewhat ridiculous, almost 10,000-word long detail, which is one of the reasons that it was never published. But let's give you some context here - when in Gizmondo's history was this published, and why didn't it make it out at the time?
Sat, 13 Jan 2007 18:00:00 ESTGreenbiz.com has provided an interesting article (via Principled Profit) about the top green business stories of 2006. Here are the stories they included in their list.
Fri, 5 Jan 2007 15:00:00 ESTBroderick Perkins at the Reality Times argues that the housing market was last year's top business story.
The market was so hot for a while, condo speculation (along with a concentration of high-end condos in some markets), drove up the national median condo price beyond that of single-family detached homes, according to the National Association of Realtors.Everyone had been expected the housing bubble to burst and housing did indeed retract. The big question is how much more are housing prices going to drop in 2007 and will all home prices be affected or just those markets that have had the biggest bubbles.
Last year, however, accelerated home price appreciation proved unsustainable, sales slipped, speculators split, renters stayed put, builders bolted, foreclosures reached historic proportions in some demographic segments and the inflated bubble of a housing market began to reenter the atmosphere.
It was the sudden reversal of fortunes that led Associated Press' newspaper and broadcast editors to put the housing market at the top of the heap of business stories for 2006, according to the news service.
"At the housing market's peak, buyers rushed to open houses, blank checks in hand. Lenders gave big-money mortgages to people who could barely afford their monthly payments. That ended in 2006, when home builders scuttled projects, walked away from land they'd hoped to develop and would-be buyers canceled orders," reported AP's Ellen Simon.
Thu, 28 Dec 2006 21:00:00 ESTMSNBC.com says these stories were the top business news stories for 2006.