Bye Bye LOKI?

[Neo]

Loki filed for bankruptcy this week. Does this mean the end of Linux gamming?


Loki Software Inc., one of the better known companies porting PC games to the Linux operating system, filed for bankruptcy protection earlier this month, marking another setback for the open source community
The Tustin, California-based company filed a petition for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Central District of California on August 3, court documents show. The company estimated its assets as being below $50,000 and its debt as being between $1 million and $10 million, according to the documents.

 

[PostCode]

No. I think Linux gaming came to early. Linux is not even a force on the desktop yet. I think Loki dove into porting their games way to soon. They should have wiated until Linux had a greater following on the desktop. Now, the question I have is will Loki open source all the code to their games? This could lead to some serious game development in the future. If Loki folds, I certainly hope they open it all up for others to use.

 

[wine4all]

All of Loki's games were ports so I don't think they will be able to release any code other than what they wrote themselves. What we really need to see is some really well done games that are native Linux not ports.

 

[Huge]

Dear Friend of Loki:

As you may know, on August 3, 2001, Loki filed a Chapter 11 reorganization. As our valued customer, we wanted to let you know why we have elected to reorganize and how, if at all, it will impact our ongoing business.

Under US law there are two kinds of bankruptcy:

1) Chapter 7 is a liquidation. We have not filed a Chapter 7 and have no intention of doing so.

2) Chapter 11 is a reorganization. This will allow 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.

Most of the debts we are restructuring through the Chapter 11 are well over a year old. They represent mistakes made by a young company. We've learned from our mistakes and become cash positive. Going forward we have every confidence that Loki will continue to be successful and grow.

We cannot say for certain how long Loki will remain in Chapter 11. It depends on many factors. However we do intend to bring the process to a conclusion as quickly as possible. Once our plan of reorganization is accepted by the court, our creditors will receive an agreed upon settlement and all other prepetition obligations will be fully and finally discharged.

During and after the reorganization your orders will continue to be honored. We will continue to provide end user support, bug fixes and new products. Negotiations are in progress to guarantee Loki a steady stream of additional AAA games to bring to Linux.

Most importantly, we'd like to thank each of you for your support over the years. Without our customers, we are nothing. The outpouring of support we have received in the last few days has been overwhelming, and we will continue to do everything we can to merit that support.

Kind regards,

Scott Draeker President, Loki Software

 

[brainsoft]

I don't know if Loki is responsible, but I own Quake III and Rune for linux!