Infinium Labs - trouble ahead?

Written by Jon Downs
Published February 29, 2004
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Intira Corporation

Moving on, we have the Intira Corporation. Here's the information provided by Mr. Roberts' website:

Intira Corporation (formerly Digital Broadcast Network (dbn)
Founder, CEO, COO, Officer & Director 1997-1999

Founded, designed and managed one of the first Netsourcing companies, with "Lights Out" Enterprise Class Data Centers and a superior quality broadband network. Under my direction, company went from a valuation of $0 to $280 million with 245 employees. Company was sold to Divine Interventures in March of 2001.


Yet another quick search on Google finds that Intira went bankrupt as well after posting a loss every year they were in business, eventually filing for bankruptcy:

As a result, the company already sits on a sizable chunk of debt. In SEC filings last year, the company disclosed it had racked up more than $153 million in debt as of Feb. 29. That left the company about $28 million on its existing line of credit with its borrowers, according to the documents. Losses have also mounted. In 1999, Intira lost $62.5 million on revenues of $4 million compared with losses of $7.6 million on revenues of $62,000 for the previous year when the company was founded, according to the SEC documents. Financial data for fiscal 2000 was not available.


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MCI / WorldCom

If you take a look at older versions of Mr. Roberts' website, you can see that Mr. Roberts was also employed by WorldCom for a period of time. This is now removed from the current version of his online resume.

MCI / WORLDCOM
SBD - Major Accounts Nov '01-present

Developing major account sales for the disaster recovery side of the company. Helping companies to design and build robust infrastructure solutions for mission critical IT-centric application hosting and network redundancy. Structuring creative Wholesale partnerships; provider to providers, carriers to carriers.

WorldCom filed for bankruptcy in July 2002."


Apparently, the HardOCP article in question is illegal, although it's taken them a few months to notice (it did me too, but i'm not kicking up a fuss, and it's not about me =+)
If you're interested in this story, i urge you to read first the HardOCP article in full, then the Penny Arcade comment. oh, and their strip (because it's funny)

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Infinium Labs - trouble ahead?
Published: February 29, 2004
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Section: Culture
Writer: Jon Downs
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