"Sorry Privacy Lovers, The Blackphone Is Flirting With Failure"
http://www.forbes.com/sites/thomasbrewster/2016/07/06/silent-circle-blackphone-losses-layoffs-geekphone-lawsuit/#3711387760df
Silent Circle, the company behind privacy-focused Blackphone,
is in the midst of a troubled period. It's laid off 20
employees - 15 per cent of its workforce - in the last six
months and is considering whether it can produce future models
of the Blackphone. It's also recovering from millions in costs
from the Android-powered smartphone, revenues for which have
been hundreds of millions of dollars below forecasts. All of
the gory details come from court documents related to a fight
with former partner Geeksphone, which has filed a legal
complaint in New York state court over a disputed $5 million
payment. Geeksphone, the Spanish company that helped build
the original Blackphone, says it's owed the money from the $30
million sale of shares in the pair's Blackphone SA joint
venture (originally called SPG Technologies) to Silent Circle,
a deal announced in February 2015, just a year after the
combined business was formed.
- - -
I predicted this failure from the beginning. It was a doomed project.
--Lauren--
Lauren Weinstein ([email protected]): http://www.vortex.com/lauren
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://google.com/+LaurenWeinstein
Twitter: http://twitter.com/laurenweinstein
Tel: +1 (818) 225-2800 / Skype: vortex.com
I have consulted to Google, but I am not currently
doing so -- my opinions expressed here are mine alone.
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