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bailout posts

Case-Mate offers $0.99 iPhone recession case... a day after recession ends

by Darren Murph posted Sep 16th 2009 @ 10:42PM

In life, you'll quickly learn that everything is about timing. And thankfully for us Earthlings, Case-Mate seems just 24 hours off with this one. A day after Federal Reserve Chairman Ben Bernanke declared that this so-called recessions was "very likely over," the aforesaid accessory maker has popped out an iPhone case for those of us who vehemently disagree. The aptly titled iPhone recession case is quite possibly the greatest thing since ~~sliced bread~~ the AirMail, and at just $0.99 including shipping, we figure you'll have a tough time finding a better way to protect your cellie. Or waste $0.99, now that we think of it.

[Thanks, Andy]

Pantech restructuring underway

by Chris Ziegler posted May 1st 2007 @ 1:02PM

Sloughing off your CEO, getting in the door in a big way with AT&T, and continuing a focus on crazy design are all positive indicators for a down-but-not-out manufacturer looking to break into the elite Big Five, but at the end of the day, there's nothing like a little cold, hard cash to get things kick-started. To that end, Korea Development Bank has hooked up with a bunch of creditors to provide Pantech with 120 billion won (about $129 million) to get back on its feet with payments deferred through 2011 (can we get hooked up with something like that for our car loan?). Pantech's restructuring will ultimately result in some layoffs, sales of non-critical assets, and a massive share consolidation that'll (somehow) result in the company raising about 151 billion won (about $163 million), while corporate parent Pantech & Curitel will raise another 305 billion won (about $328 million). It's all Greek to us, but as long as it doesn't result in a delay to our low-end 3G love on AT&T, we're cool. Is that too much to ask? [Warning: subscription required]