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You might remember long-time Windows Mobile player i-mate shutting down shop in Dubai a few weeks ago. It happened in a fairly abrupt way, and now we know why. CEO Jim Morrison claims to have been the victim of a $15 million fraud committed by one of his board members.
“This is the first time I have ever wanted to murder someone. Eight years of my life I put into this. Personally, I have lost about $6m cash.”
Yow. All 120 employees have been laid off as a result, and it’s seeming unlikely that i-mate will be able to recover from this grievous blow. Those of you packing an i-mate, it may be time to seal that sucker up and save it as a collector’s item.
[Arabian Business via Cellular-News]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
