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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?

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To: Kent Kuo who wrote (50)11/15/1996 4:17:00 PM
From: Bart Sampson   of 341
 
Kent;

I don't know where you're getting the $4.5 million loss number from. According to the press release, SW made a $900,000 profit for the same quarter last year.

And, Focus on what they are doing and facts about what they are doing wrong?

FACT: Analysts don't think that Sanctuary Woods can ever survive as a publisher and therefore must focus on internal development. (See my post a few posts back.)

FACT: Sanctuary Woods sold off their internal development systems and studios. Their ability to develop software internally is severely limited, and remember: they can't and shouldn't publish out-of-house material. Where will the products come from? And I don't mean this tired, Director-based stuff that they've been cranking out lately. A big number of educational software developers are realizing that they are in competition with Mario 64 and Crash Bandicoot and are developing their own 3-D libraries. SW is going to get left in the dust in this respect.

FACT: Sanctuary Woods so badly mistreated their internal programmers that the word in the industry is to AVOID doing any programming work for Sanctuary Woods (if you don't believe this little fact, remember the programmers that Sanctuary Woods managed to snag came from Microprose, Spectrum Holobyte, Maxis, ATI and other companies. You think that the word doesn't get around the industry? Trust me, it DOES.)

I know you think I'm mired in the past, but as the old cliche goes "Those who can't remember the past are doomed to repeat it." The thing about Sanctuary Woods is that the people who were in charge in the past are STILL in charge and the only real change is that Charloot Walker is CEO instead of Scott Walchek. A little research into the company and its past would reveal that I am, in fact, speaking from fact and not just opinion.

Bart.
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