While many users have never forgiven Boxee for killing off its software clients, the company's hardware products continue to duke it out with bigger rivals -- and they've apparently been burning through cash in the process.
After a lengthy period where Color Labs was virtually ignored, the company found itself in the spotlight yet again this week with rumors of a shutdown, then an acquisition by Apple. But it turns out neither of those stories are quite true.
On Friday, corporate drama erupted over OnLive, the popular cloud streaming game company who cut loose its entire staff and was rumored to be on the verge of bankruptcy. Now the company is shedding some light on the situation.