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Non-Tech : Auric Goldfinger's Short List
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To: Sir Auric Goldfinger who wrote (9165)2/14/2002 8:49:40 PM
From: rogermci®  Read Replies (2) of 19428
 
OK Auric...predictions for tomorrow?

LOS ANGELES (Reuters) - Shares of Take-Two Interactive Software Inc. remained halted on the Nasdaq on Thursday, even as the video game publisher repeated its higher guidance for 2002 and said had it had put tighter financial controls in place after admitting to overstating past sales.

However, after the close of trading on Thursday, the Nasdaq said trading in the shares, which have been halted since Jan. 22, will resume at 10 a.m. ET on Friday.

Even as it has struggled with an internal financial probe and an investigation by securities regulators, Take-Two's games, including "Grand Theft Auto 3" and "Max Payne," have dominated the sales charts. The mixed picture has divided analysts and investors on the company's prospects.

"It's definitely one of the toughest situations out there," said Heath Terry, an analyst at Credit Suisse First Boston who follows the company. "The question is how much do you discount the future because of the past?"

Take-Two shares were halted on Jan. 22 after the company postponed the announcement of its fiscal fourth-quarter results because it was still reviewing a restatement of its seven prior quarters because of concerns over revenue accounting. The shares last traded at $18.56.
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