Xinok, on 19 August 2012 - 04:06, said:
I was rather impressed with what they accomplished with OnLive. But while it was an impressive bit of technology, it failed to be practical. You needed a dedicated wired connection to get decent gameplay, the graphics weren't so great, and there was noticeable lag in some games. In the end, why not just get a 360 or PS3?
As I said in another company, this has nothing to do with the company going under. they where if nor making money, getting there fast, and had more than enough reserves to go on. this was purely about greed.
In a Move that would be illegal in any other country and most other states, the owner filed for a special type of bankruptcy, allowing him to discard all employees, all their benefits for this they chose to rehire, ditch all their stock options for the company THEY helped build and make valuable. Meanwhile the bigger investors like Intel and HP, who has big expensive lawyers, they got their money back (nothing shady about that....). And all of the IP of the company was sold of to another single backer giving the CEO full control. he can now rehire staff with no benefits, lower pay and no stock options. (personally I hope they all say no thank you and anyone else offered a job does as well, but it's unlikely today).
Interestingly OnLive doesn't even own the IP they just sold. that is all owned by their parent company Rearden Labs, a patent hoarder company. so this new single investor basically bought, nothing.
shifts, on 19 August 2012 - 12:01, said:
Wonder if Ouyja would be in contention for purchasing the service?
With what ? their 8 million pocket change, that they expect to be enough to start large scale mass production ? Not a chance. besides it's already bought by a single investor.