R.I.P. Indrema

— 11:24 PM on April 11, 2001

C|Net has the obituary.

Indrema, which hoped to carve a niche in the lucrative video game industry with a console based on the Linux operating system, announced Wednesday that it is going out of business.

John Gildred, founder and chief executive of the Alameda, Calif.-based start-up, said the company ran out of money and was unable to secure additional financing in a capital market that has grown hostile to Linux-related business.

Reality bites.
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