GTIS - Will it be a Phoenix or not ? Message Board

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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: Nutty Buddy who wrote (2228)	6/30/1999 10:14:00 AM
From: Mahatmabenfoo	Read Replies (1) of 2319

Eeek! (a term of Technical Analysis) guess this is what you meant.... ================6/30/99 GT Interactive Software Corp., maker of such popular computer games as ''Deer Hunter'' and ''Total Annihilation,'' said it hired investment banker Bear Stearns & Co. to seek a merger or sale of the company. It also reported a fourth-quarter loss that was wider than expected. GT said its loss from continuing operations for the quarter ended March 31 was $72.3 million, or $1.00 a share, compared to net income of $400,000, or 1 cent a share, in the year-ago period. Analysts had expected the company to lose 42 cents a share, the average estimate from First Call Corp. Revenue fell 12 percent to $93.5 million from $105.8 million in the year-earlier period.

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