Sharper Image files for bankruptcy and they never even shipped my drink-serving robot
The company tried to sue Consumer Reports for libel in 2003 over a story that claimed its purifiers did not, in fact, purify air and released unhealthy levels of ozone. The suit failed, leaving the company almost penniless.
The company has little cash in hand and is working on a $60 million loan to keep it afloat. Clearly crap that was a little too good for the SkyMall catalog wasn’t selling well.
Sharper Image files for Chapter 11 bankruptcy [Reuters]