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Technology Stocks : GTIS - Will it be a Phoenix or not ?
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To: Mahatmabenfoo who wrote (2234)7/12/1999 3:22:00 PM
From: RJC2006  Read Replies (2) of 2319
 
Actually Charles, buying companies was the last thing they should have done. Not that their heart wasn't in the right place but they could have helped themselves out by at least buying companies that had something out worth buying. Their most significant purchase attempt fell through namely Microprose which went on to be picked up for about 1/4 of the price GT had offered.

Also remember that this is the same management team that came up with the brilliant idea to combine Penthouse with Duke Nukem. Real smart move there. Nothing like trashing a prime market, i.e. the parents of 12 to 18 year olds boys. When they announced that debacle I knew that there was trouble in the confines of GTIS.
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