OnLive, Moto Mobility and the Harsh Reality of Tech Wars for Real People
Over the weekend we heard about the founder of OnLive basically shuttering the company in order to protect himself and the property by using a California loophole that allowed better creditor repayment than bankruptcy, but for workers … they were totally screwed just as if the company went totally belly-up. But that doesn’t mean all is well for creditors and investors. Today we start to learn about more of the fallout of the OnLive collapse: specifically, that troubled smartphone maker HTC is losing $40 million due to the restructuring. This is the same HTC who recently posted a 58% net…