Pixelon
Pixelon was a dot-com company founded in 1998 that gained fame for its extravagant Las Vegas launch party and the sudden and violent decline less than a year afterwards. It promised better distribution of high-quality video over the internet using technologies that were, in fact, fake or misrepresented. [1] Its founder, Michael Fenne, was actually David Kim Stanley.[2][3], a convicted felon involved in stock scams who was running from the law. In the year 2000 it gradually fired employees and reduced its operations until its bankruptcy. [4]
The party event - iBASH'99 - accompanying the IPO was held October 29, 1999 at the MGM Grand Las Vegas. The line-up featured performances by Chely Wright, LeAnn Rimes, Faith Hill, Dixie Chicks, The Offspring, Kiss, Tony Bennett, The Brian Setzer Orchestra, and The Who.[5] The Who later released their show as DVD titled "The Vegas Job"[6] featuring two short pre-show interviews with Roger Daltrey and John Entwistle, and a short after-crash interview with David Kim Stanley, admitting to embezzlement.
[edit] References
- ^ Blogs | Protein OS
- ^ Wired.com [1]
- ^ PC World - The 25 Worst Web Sites
- ^ Pixelon issues sweeping layoffs after founder's arrest | CNET News.com
- ^ AllBusiness.com article, 29th Oct. 1999
- ^ IMDB entry
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