Sky Is Limit for Bankrupt Skyward

Wade Roush2/19/09

Skyward Mobile, a Wakefield, MA, startup developing a platform that lets users play games and read e-books on their cell phones, filed for Chapter 7 bankruptcy protection yesterday, according to a report in the Boston Business Journal. Not to be confused with Stratham, NH-based Skyward Innovations, a company working on mobile travel-related applications, Skyward Mobile was founded by Jeremy De Bonet, the former CTO of mobile video company MobiTV. Skyward it reached a settlement with MobiTV last summer in trade-secrets lawsuit launched after De Bonet left the older company. It listed liabilities of $3.6 million in its bankruptcy claim, including $400,000 in settlement claims owned to MobiTV.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.