Gidmondo Losing Money Hand Over Fist. Doctor Game Industry Prescribes More Money.

Sometimes, I wonder why the gaming industry can't get taken seriously as a business. And then I read articles like this. Tiger Telematics, the guys behind the "Gizmondo," lost a staggering $99 million in 2004 and $210 million(!) through the first 6 months of 2005. Spending habits include race horses, fashion models, and giant-sized budgets for executive cars. Hey, I support buying a fashion modeling agency just for the office babes, and I've put in my request for a pony, but this is getting a little ridiculous.