Debacle of Phantom Console Company Chronicled

| 5 Jun 2007 16:46

Ars Technica rifles through some SEC filings and discovers the realities behind "phantomware."

The specter of Phantom Entertainment, its wheelings and dealings and the remarkable ways it manages to continue its existence have been chronicled in an interesting technology report on Ars Technica.

Formerly known as Infinium Labs, this company made vaunted claims about a supposed new console called the Phanton Game Receiver back in 2002. That product failed to materialize time and time again. As skepticism mounted, the company's CEOs launched a lawsuit against hardware enthusiast website for rightly identifying the company's claims as a complete sham, costing the website thousands in legal fees.

Looking through recent SEC filings, Ars Technica notes that the company continues to morph, changing names, addresses and purported product lineups, all the while falling behind on payments and pumping out stock.

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