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Technology Stocks : ACCLAIM Entertainment

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To: JOHN JIANG who wrote (2005)	4/6/1998 6:37:00 PM
From: Frederick Langford	Read Replies (2) of 4149

JJ, As I recall many thought the Nintendo 64 NHL game would contribute little to last quarter, The street was expecting a .05 cent loss and got .02. Very few are looking at '92-95, IMHO. What I and others are looking at is going forward. Wall St usually loves a company that lowers their expenses, and increases revs: <<"The loss in Q2 and the continued profitability for the year was in line with our guidance to the financial community," said Gregory Fischbach, co-chairman and CEO of Acclaim. "Our key milestones were the reduction of operating expenses by approximately $6 million versus the previous year, the continued improvement of product quality and the closing of our coin-op division, which allowed us to shift development resources to Acclaim Studios and heighten our focus on the home interactive entertainment market.>> The turn around seems to be on track.... Fred

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