Stefan Eriksson had hoped that millions of video gamers would experience the thrill of street racing on a hand-held device he helped develop. But then Eriksson's $1-million Ferrari was totaled, an accident that gamers around the world may see as a cruel metaphor for the collapse of the portable console company.
Eriksson was a top executive for Gizmondo, a European video game system maker that two years ago garnered international headlines by challenging Sony and Nintendo with its own PSP-like device.
Eriksson received a $100,000 car allowance from the firm, according to records from the Securities and Exchange Commission, and drove in Le Mans, the famous French motor race, in a Ferrari plastered with Gizmondo signs.
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