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Technology Stocks : Take Two Interactive Software (TTWO: Nasdaq) taking off!
TTWO 256.37+1.4%Oct 31 9:30 AM EDT
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To: JakeStraw who wrote (145)6/28/2001 9:14:57 AM
From: JakeStraw  Read Replies (1) of 191
 
Take-Two Interactive Software, Inc.'s Joytech Subsidiary and Microsoft Implement Worldwide Compatibility Agreement for Xbox Video Game System
biz.yahoo.com
NEW YORK--(BUSINESS WIRE)--June 28, 2001--Take-Two Interactive Software, Inc. (NASDAQ:TTWO - news) announced today that its Joytech subsidiary has entered into a worldwide agreement with Microsoft for the manufacturing and distribution of compatible third-party branded peripherals for the revolutionary Xbox(TM) video game system.

Europe's leading third-party peripherals producer Joytech Europe has entered into an agreement with Microsoft to design, manufacture and market compatible third-party peripherals for the Xbox video game system. Under the agreement, Joytech will produce a full range of Joytech branded products that will carry the Xbox(TM) Compatible Logo. The company intends to begin shipping the compatible peripherals in North America in winter of 2001 and Europe in spring of 2002.

Lee Guinchard, Joytech's Managing Director, said, ``This is an exciting opportunity for Joytech as it will ensure that we have a full range of highly innovative products for the launch of the Xbox system. Our new Xbox line up will allow us to bring our success story in Europe to the North American market place. Joytech is committed to providing high quality innovative peripherals to the consumer and we look forward to building upon our successful line with products for the Xbox video game system.''
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