VideoBusiness.com: Plug is pulled on Indrema box plans

[ Thanks to Will
Smith for this link. ]

“The Indrema system, which was to combine open-sourced Linux
videogaming, DVD movie playback, interactive TV, MP3 audio playback
and Internet functionality into one $299 box, has become another
victim of tough times in the technology sector….”

“The Indrema system, which was to combine open-sourced Linux
videogaming, DVD movie playback, interactive TV, MP3 audio playback
and Internet functionality into one $299 box, has become another
victim of tough times in the technology sector….” ‘Although
there’s a lot of interest in the product, the grim reality is that
after six months of looking, we’re not able to find funding to
continue the operation,’ Indrema president John Gildred told VB. ‘I
already let go of several staff members and will have to let the
rest of the staff go this week.’

“Gildred founded Indrema in January 2000, when funding was easy
to come by, and had a staff of 50 until recently. The first Indrema
model, code-named the L600, was scheduled to ship this summer,
months before Microsoft’s Xbox. However, venture capitalists didn’t
like its chances against Xbox or Sony’s PlayStation 2, even though
Gildred’s plan was to slowly roll out a grass roots campaign and
grow from there.”

Complete
Story