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: Jim Fisher who wrote (1798)	3/17/1998 4:50:00 PM
From: Nutty Buddy	Read Replies (2) of 2319

Re: GT sells some games rights to Midway ''Domestically marketing Midway PC titles only without the benefit of cross-marketing with consoles was sub-optimal for both Midway and GT, however, marketing both platforms together overseas is economic, synergistic and MUTUALLY BENEFICIAL to both companies,'' said Ron Chaimowitz, president and chief executive officer for GT Interactive. This is from GT's press release which occurred 3 days after Midway's release. Now why did Chaimowitz feel compelled to defend their side of the transaction? There's that "mutually beneficial" clause which we all have seen before! Guess there is a "then there's the real story". Anyone have it? How about it Jim?

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