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Latest News

Loki Software Files Bankruptcy

by Steve Gibson, Aug 14, 2001 6:51am PDT

Related Topics – Bankruptcy

What seems to be a disturbing trend lately around these parts has happened again... LinuxGames sends word that Loki Software has filed for Chapter 11 bankruptcy (PDF). Since a few people seem to be confused with what this means, here is word from the president of the company.

People should not confuse this with a Chapter 7 liquidation, where you close the doors and sell off the assets. That is not what we have done. We filed a Chapter 11 reorganization. This will allows us to deal with our creditors fairly and equitably and at the same time continue to operate the company. We are still shipping products and porting new games and expect to be doing so for a long, long time.

LinuxGames also has a retrospective written about the company.

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Comments

11 Threads | 32 Comments

#11

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By: loco3kgt x Show Full Post

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Loki will be around for awhile. They're just not going to be the most profitable. Most of us linux users that game keep windows around (whether pirated or not) for games.

--Loco3KGT

Aug 14, 2001 8:02am PDT

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Loki will be around for awhile. They're just not going to be the most profitable. Most of us linux users ... : loco3kgt
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  The problem is not loyalty. It's money. In that wierd headspace that is the Linux community where pe... : DEINONYCHUS
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    In that wierd headspace that is the Linux community where people spend thousands of dollars on hardw : emacs
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      Actually, most people pay for their software in the Windows world. Sure, a lot of younger people stea... : DEINONYCHUS
      
      I know many many many grown ups who did not pay for the current version of windows they are running.... : notext
      
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      Actually, most people pay for their software in the Windows world. companies, yes. individuals, ... : emacs
      
      Im not sure about that...I'd actually say most individuals just use the OS that came with their computer... : Sacred Sperm
    - there is a vast array of freeware available for Windows. : xvdl

#8

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By: kaber x Show Full Post

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BAH!
games
pff.
i don't play games, i think if you want to run a succesful game company your going to have to target it for the mass market.
and we all know who that is.
adn nintendo has that market tapped out,
everyone else has to stay in the red zone.
square's in the red btw.
i think namco is as well.
so if they don't find investors (angel invesotrs imho) they go under as well.

ahh, going to be late
laterz

Aug 14, 2001 7:51am PDT

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BAH! games pff. i don't play games, i think if you want to run a succesful game company your going to ... : kaber
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  you read the shack, yet don't play games? Isn't this a game related website? : Grandmoff
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    Isn't this a troll retarded person? : g30f
    - pfff. and what kind of gay ass name is g3of pfff : kaber

#21

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By: Adrenaline x Show Full Post

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How can they be going bankrupt? They did all of the Quake ports, Hexen 2, Tribes.

Aug 14, 2001 11:29am PDT

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How can they be going bankrupt? They did all of the Quake ports, Hexen 2, Tribes. : Adrenaline
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  Your naivety is amazing. They can do all the porting they want, but the product still has to SELL. : klerck
  - He's incredible, I often wonder if he's trolling us and just playing COMPLETELY STUPID. : abrasion
- please tell me this is pure sarcasm. : xvdl

#3

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By: xvdl x Show Full Post

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Very few companies emerge from Chapter 11 unscathed. You get into chapter 11 because your business model is fucked up, or your products suck. Those are hard problems to correct, you just can't expect to continue with the status quo and keep going for a long, long time.

Aug 14, 2001 7:01am PDT

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Very few companies emerge from Chapter 11 unscathed. You get into chapter 11 because your business model ... : xvdl
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  I think here the issue is market. SoF was ported....but let's face it the majority of linux people are ... : mp7rox
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    that's definitely part of it. Smaller market = bigger problems. The mentality of the market though defin... : xvdl
    - Stallman amazes me. He rabidly supports a software model that makes it impossible for anyone to make ... : DEINONYCHUS
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  "Very few". Based upon what? Where do you get this information? I would disagree, actually. : firethorn
  - You have the right to disagree... : mp7rox
  - tell you what. If they emerge from Chapter 11 unscathed, contrary to what I feel is the prevailing route... : xvdl

#24

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By: 0Wingfan x Show Full Post

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Damn.. You mean to tell me that putting Linux games on store shelves isn't a profitable business model?

Who knew?

Aug 14, 2001 12:25pm PDT

Damn.. You mean to tell me that putting Linux games on store shelves isn't a profitable business model? ... : 0Wingfan

#13

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By: The_FrO x Show Full Post

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<sarcasm> Gee, I never saw this one coming... </sarcasm>

Aug 14, 2001 9:09am PDT

<sarcasm> Gee, I never saw this one coming... </sarcasm> : The_FrO

#12

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By: klerck x Show Full Post

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Like I said last night, I'm sure all three Linux gamers are upset.

Aug 14, 2001 8:09am PDT

Like I said last night, I'm sure all three Linux gamers are upset. : klerck

#4

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By: x-eyd|mary x Show Full Post

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THats too bad. I can't imagine that porting games to Linux is a very profitable business, though. Not a whole lot of Linux gamers in the world =P

Aug 14, 2001 7:07am PDT

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THats too bad. I can't imagine that porting games to Linux is a very profitable business, though. Not a w... : x-eyd|mary
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  high expectations, and few willing to pay. It's always like that in the UNIX world. : xvdl
  - The problems are many, but the biggest factors are availability and price. Quake 3 took an extra 3 mo... : jidar

#6

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By: scrooge x Show Full Post

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AFAIK chapter 11 is not bankruptcy but bankruptcy protection.

Aug 14, 2001 7:11am PDT

AFAIK chapter 11 is not bankruptcy but bankruptcy protection. : scrooge

#2

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By: xvdl x Show Full Post

Reply

Another one bites the dust.

Aug 14, 2001 7:00am PDT

Another one bites the dust. : xvdl

#1

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By: busdriver3030 x Show Full Post

Reply

hi, one maybe please?

Aug 14, 2001 6:56am PDT

hi, one maybe please? : busdriver3030