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Technology Stocks : GTIS - Will it be a Phoenix or not ?
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To: Preston Lurie who wrote (1124)11/11/1997 4:59:00 PM
From: RJC2006  Read Replies (3) of 2319
 
Hey, they blew it. Issue a SH*T load of shares to buy a company that is losing money, blow the schedule on a game that you've already invested millions in and it's no surprise we're being crapped on. Don't be surprised if you see 5 coming along soon. I suspect that we'll be on the watch until April before it turns around. All in all, this has turned out to be a wretched investment. Let's face it. At some point you have to point the finger at mismanagement and I think it's about time. They have the revenues, it's the folks at the top controlling the assets that have got to either wake up or go. Better brace yourself for the 4th quarter because it could get a lot uglier. Not that GT will lose money, but I have to wonder how they will meet estimates with the write off's they still need to take. Without Unreal, what title upcoming can be relied on for the Xmas sweeps months of Nov. & Dec. Damn little that I can see. Total Annihilation may get to the top and stay there. There may be some hope if they get Abe out on the PC platform but if they already have there sure isn't much publicity on it. It's fine to advertise on MTV, but it might not have hurt to have placed some of that advertising on a channel watched by 30 Somethings (they make up the largest majority of players).
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