GTIS - Will it be a Phoenix or not ? Message Board

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

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To: JON7 who wrote (1467)	2/18/1998 2:11:00 AM
From: glenn s. turner	Read Replies (1) of 2319

The prepaid royalties being written off aren't just for future games but also for games on the shelf now in stores that simply didn't sell. The short life span of products is mentioned. It doesn't make since to amortize a royalty over several years when the actual product's selling life only lasts a few months (if the product is EVER 'hot'). This write-off probably covers old mistakes that have been making the company look unrealistically profitable for some time. Future earnings should now be clean and reflect actual game development expenditures for that quarter. The question is - were there any actual profits? This write-off appears to wipe out all (or most) profits from the last 2 years.

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