Gizmondo Is Dead

GamerNode reported last month that Gizmondo Europe was having some major problems in its company operations because of scandal, ill-conceived business decisions and upper management taking liberties with company funds for personal use. Gizmondo tried to put on a brave face amidst all the turmoil, but has finally succumbed to the inevitable. The English High Court of England has ordered Gizmondo Europe to close its doors, pack up its handhelds and put their remaining assets into the hands of a liquidation firm, according to RegHardware. The ruling was officially made on February 2nd. According to U.S. SEC documents, Tiger Telematics, who is the parent company of subsidiary Gizmondo Europe, said that it "