Fusion Garage sinks into liquidation, owes creditors some $40 million

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If ever there was a time to exit the technology universe while everyone else is paying attention to... well, everything else, it's now. Chandresekar Rathakrishnan has seemingly signed off on liquidation paperwork this week, effectively putting an end to Fusion Garage as we know it. It's hardly a shock to anyone paying attention; the JooJoo was a letdown, the Grid10 was even more so, and the Grid4 never even had a chance to breath. We spent plenty of time talking to its founder over the years, but the execution and timing was never good enough to gain significant traction in the market. We'd bother asking you to pour one out, but we're guessing the majority of you have done so already.

Fusion Garage sinks into liquidation, owes creditors some $40 million originally appeared on Engadget on Mon, 09 Jan 2012 11:33:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/09/fusion-garage-killed-dead-liquidation/

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