Rubberman's picks for the second half of 1998 Message Board

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Gold/Mining/Energy : Rubberman's picks for the second half of 1998

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To: The Fix who wrote (307)	11/13/1998 2:02:00 AM
From: Intrepid1	of 405

fIXER, I don't know if the Rubberman is dead yet; but one of his stocks died a painful death today. [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] Thursday November 12, 6:09 pm Eastern Time Interactive Entertainment sells business MEMPHIS, Tenn., Nov 12 (Reuters) - Interactive Entertainment Ltd., a maker and supplier of computer games, said Thursday it will dispose of its operations related to the Sky Games in-flight gaming system. David Lamm, chief financial officer, said the Asian financial turmoil hurt its primary market for the in-flight entertainment. This caused the company's stock price to decline to the point where it cannot attract the additional investment needed to develop the gaming system, he said.. Interactive will concentrate on its Sky Play business of supplying personal computer games to airlines. The company will lay off all employees not necessary to the Sky Play business and will write off $18 to $20 million in assets related to the Sky Games business. Stock closed today at $.03 Ouch!!! purething

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