Is Xero The Second Coming Of Gizmondo?
from the run-away dept
Still, some people believe in the space, and if Xero is to be the next hyped up entrant, so be it. However, there's a bit more info coming out today concerning the folks behind Xero, and it may be cause for a bit more skepticism. First, it appears their "differentiator" will be offering "free" airtime, if you're willing to accept advertisements on your mobile phone. If that sounds familiar, it's because that was the original announced business model for the infamous Gizmondo device. So, it's probably worth noting that Xero's management team was last seen running parts of Gizmondo. Yes, Gizmondo. The tiny company with an expensive gaming device (even when subsidized by ads) with almost no compelling games -- that was found to be paying executives millions of dollars, giving them expensive fancy cars (whoops) and with a less than squeaky clean police record. After all of this, of course, the company went bankrupt, without much to show for it (the executives, on the other hand, appeared to make out well). The guys running Xero don't appear to be the same folks who were accused of questionable behavior at Gizmondo, but it certainly does raise some questions about who is giving these guys $300 million to basically try the same business plan all over again -- except with mobile phones instead of a portable gaming device.