Fusion Garage, is a manufacturer which cheap tablets wanted to make, is bankrupt. The American manufacturer came in August with a 10″tablet and 4″-smartphone based on a variant of Android, but the products were not in the sale.
The company has debts up to the value of $ 40 million, says Business Insider, on the basis of an anonymous source. Fusion Garage worked in recent years on various products, such as the CrunchPad, JooJoo tablet, and Grid hardware. The tablets are not or to a limited extent been available. Fusion Garage began as an initiative of TechCrunch founder Michael Arrington, who in 2008, 200 dollar tablet wanted to surf the internet.
The site of Fusion Garage was last month already for a long time down, while pr people requests for information are not answered. When all were there rumors that the company is on the bottle. Business Insider now has a document as evidence of the bankruptcy.
Pre-orders of the Grid 4 smartphone and Grid 10 tablet are allegedly not delivered. The Grid 10 made the ideal of a cheap tablet is not true; he would to $ 499, costs must, as much as many tablets from competitors. It is unclear whether people get their money back or even get it back.
