SWMCF- Making a comeback this week. Message Board

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Technology Stocks : SWMCF- Making a comeback this week.

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From: Bart Sampson	6/21/1996 5:51:00 PM
	of 278

>Surprise info on yesterdays interim earnings report: > Read between the lines: > Last Q Loss- $4.5 Mil > LOOK: > Expenses associated with operations sold to Disney- $3.1 > Mil > Charge for entertainment titles returns: $.4 Mil Last Q's loss was still $4.5 million, no matter how much of a reduction came from the sale of the entertainment division to Disney. That money is GONE. Spent. SW still had the entertainment side as a liability last Q, so they had to spend the money to keep it up. They don't get that $3.5 million back for selling their entertainment division after the quarter ended. And, you may see some "paper" profits this quarter, but it will all collapse again as it did in January because they just don't have the horsepower to keep up with the ever changing market. Remember, they sold off all of their proprietary technology to Disney, so they have nothing left except maybe Director and M-Tropolis to work with. SW is a big, big, big risk...you might make some money back on speculation, but remember that a LOT of people got burned buying in at $5, $6, and $7 a share back in 93/94/95 and there are very few big investors willing to shovel any more money back into this thing when there really isn't anything there.

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