Amp'd Mobile files Bankruptcy
Amp’d Mobile competed with VelvetPuffin, Loopt and Helio in an attempt to deliver a compelling mobile based social networking product to a worldwide marketplace of 2.6 billion cell phone users. The service is build around Amp'd Live, a permanently installed BREW application on all Amp'd mobile phones. The features are downladable and streaming videos on-demand clips, live events, streaming phonecast radio stations, ringtones, songs etc.
According to mocoNews, Amp’d Mobile owes $33 million to Verizon Wireless, $16 million to Motorola and $10 million to Vivendi. Smaller creditors include BestBuy at $8 million and MTV Networks: $1.8 million. Total debt is more than $100 million with assets less than that figure.
Atleast USA has laws about bankruptcy issues and investor might be able to get their money back at some extent but do you think in India do we have such provision ?
I really fear about the current Indian IT. The way its heading forward, I hope we dont hit a dot com failure.
You do not need to be too inspired to visit Venice in any season. The magic of V... 
Do we not have enough desi girls that we are still looking to get more videshi c...