Microprose, MPRS Message Board

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Technology Stocks : Microprose, MPRS

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To: Snake1132 who wrote (478)	4/1/1998 9:54:00 PM
From: Coy Lynn Gullett	of 633

Snake, I have never gone through a reverse split, but as for the stock going up or down I think it would matter on which direction the pressure is on the stock.. for example they should come out with earnings around May 5..now I have a general feeling that they will at least meet estimates..but I think they will beat them..(but I could by wrong ;) so the stock..I see moving up right before earnings much like it did last qtr..after earnings the next day a little profit taking in the morning ..but should not settle to the low from where it started Ultimate civ two should be in duplication and or almost there and they should also announce Falcon 4 will Ship on time with current release date.. In the case above I doubt MPRS would have little or any downward pressure on the stock..but of course if some of the key components are not in there..like M1 and Ultimate race reorders, no shipment of titles 1st fiscal qtr..Downward we go in price... I'm not for the reverse split in the shortterm..relly cuts into my profits...but longterm for the company it by far is the best thing for them to do...for example in Fiscal 1997 they made a profit around 6 million, actually a little less but I'm rounding...If they can repeat that for Fiscal 99..and with 5,700,000 outstanding that 1 dollar a share profit and with a industry PE ratio around 25 ..MPRS should be at a $25 dollar stock price..but in my on opinion..provided all the current games come out on time...they will do much better than 6 million in profit for fiscal 99....With the higher stock price they will get more bang from their buck if the did want to acquire a studio or somthing like that or even a secondary offering.. which I would be against...Note.. that they will only be able to have a total of 9,800,000 shares outstanding though...they currently are allowed 49 million shares but after the reverse it's five times less... Coy

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