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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

May 19, 2006 at 3:13 PM

Infinium Labs: More details

Infinium Labs, a Seattle-based company developing a video game system called the Phantom Lapboard, released some details about the company’s operations in a government filing today. Infinium was in the news this week when its chairman was charged by the Securities and Exchange Commission.

From the filing:

With enough financing, Infinium could start selling the Lapboard this year through its own Web site.

The Lapboard is a wireless keyboard with an integrated mousepad. The company is targeting the machine to children, teenagers and young adults.

Infinium has five full-time employees, one in research and development and four on the general and administrative side.

The company burns through $300,000 a month, and will need to raise $3.6 million over the next year to keep going.

This week, Infinium’s auditors have expressed doubt about the company’s ability to continue as a going concern based on its 2005 financial statements.

The company has been sued nine times in the past two years.

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