SEVL earnings announcement in mid-November
This from investor relations. The person I spoke with filled me in on the story probably known to the thread, which goes like this (I'm paraphrasing what this person said): SEVL's management changed around March. Although the company has great technology--animation that looks like video--their business plan wasn't working, and their games weren't selling. Now they're adopting a Hollywood model, i.e., producing CDs for others (the "studios") to distribute, whereas before SEVL was both making and marketing. Therefore the company is still in a transitional period. Recent deals have been for the Barney actimates, the Bandai virtual pet, and Dominion.
I hope this is accurate and helpful. Please jump in to correct mistakes, misapprehensions, or omissions. I'm not presently a stockholder, but I'm intrigued by the products SEVL is connected with. My gut feeling is that there's potential here on that level, but I'm not sure what's going on with the bottom line.
Incidentally, the investor relations contact I was given is
David Pasquale
Hudson Stone Group
212-685-6890 |
