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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: Bill Gizzo who wrote (1445)2/5/1998 9:16:00 PM
From: RJC2006  Read Replies (1) of 2319
 
<<He added that, "We lost the momentum we had begun to build a year ago, when we had three successive quarters of high revenues, operating and net profits, and we were hearing from a number of companies interested in exploring the potential of a business combination. As a result of these discussions and the eventual failed merger with GT Interactive Software Corp. (Nasdaq:GTIS), we became distracted; we lost employees in sales, marketing and administration; management attention was diverted; our product release schedule slowed; we lost distribution in the U.S., and our relationships with retailers and distributors suffered.>>>

From the Micropose press release. Gee, I never realized that GT Interactive was so powerful!!
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