>>Hello Kitty (3/10), ELMOs® Number Journey (3/18)?; NewKidCo.com; AKLM
...pushed back to 3/26 per Babbages-software eTc
gamelord.com. guess that qualifies as q1... newkidco.com online as of 3/12, however, no information of ELMOs ABCs® nor ELMOs 123s...???..."
Company: Acclaim Entertainment
Symbol: AKLM
Exchange: NASDAQ
Recent Price: $8.75
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Our March 1999 Stock Of The Month selection may be somewhat well known to established SOTM members. We profiled this company in May of 1998 in the $6 range. Since our initial profile it reached a new 52-week high of $13. The market has recently unfairly punished this company resulting in ~50% drop in stock price down to $7. We feel this company will experience a significant move in its stock price as the April 6th earnings announcement approaches, and as strong sales of hit games drive profits.
Acclaim Entertainment has rebounded from a difficult 1996-1997 period. Acclaim effectively used 1998 as a transition period in which they strengthened the company while gaining a broader Wall Street acceptance due to increasing revenue. Acclaim continues to deliver quality titles, build a stronger balance sheet, and meet the approval of Wall Street's analysts. With the wind at Acclaim's back and an all-star lineup in the software market Acclaim is poised for a significant increase in revenue.
Acclaim's success lies in its ability to continually produce games that will meet and surpass the competition. Management has focused their aim at publishing the highest quality and most entertaining games. In their effort to accomplish this goal they have purchased advanced design and development houses which have given them the competitive edge to succeed.
Acclaim's game lineup is simply put Amazing! This lineup includes future hits such as Shadowman, WWF Attitude (sequel to Warzone which sold 2.5M copies), All-Star Baseball 2000, and Armormarines. Acclaim recently released South Park on all three platforms (N64,
PSX, and PC). NPD/TRSTS data shows the startling success South Park has had in December and January video game sales. Turok 2 is showing to be less of a hit than anticipated, but with a powerful 1.4 million copies already shipped, Turok 2 will be a major contributor to the bottom line of Acclaims 2nd quarter.
Acclaim's future is definitely bright. What was once a competitive software company has now worked its way into becoming the Software Company. Coupled with amazing products Acclaim's management has also trimmed the fat. With firm controls on expenditures, healthy research and development, and a precise marketing budget, Acclaim lays the framework for continued growth.
With the N64 and Playstation platforms enjoying their glory days the game makers such as Acclaim are set to reap the benefits of a flourishing market. Lower overhead, a significant competitive advantage, and a dominant product line are enabling Acclaim to outperform its competitors and position itself as the leading third-party developer in the software gaming industry..."
Additional research on AKLM:
aklm.com
messages.yahoo.com
www2.techstocks.com
© 1999 sotm@sotm.com
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SOTM is an independent newsletter, which provides readers with financial research of publicly held companies. All analysis, statements, and expressions are the opinion and belief of SOTM and are not an offer or solicitation to buy or sell any securities mentioned. This publication is not a solicitation to purchase or sell securities of the companies profiled herein, and does not provide an analysis of the financial positions of the companies herein. Investing in securities is speculative and carries a significant amount of risk. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any profiled stocks. Readers should consult with their own independent tax, business and financial advisors with respect to any investment in the presented companies. All information contained in this publication should be independently
verified with the profiled companies, and by an independent financial analyst. SOTM, SOTM's Research Team, SOTM affiliates, and/or SOTM's families may at times hold or sell positions in selected companies, however it is not under SOTM's control or within our scope to monitor the transactions or holdings of SOTM friends or families. SOTM therefore cannot represent, comment, or form an opinion on the exactness of these positions other than to comment that they may exist...SOTM has no affiliations with Acclaim Entertainment or Pen Interconnect. Although it is the belief of SOTM that all sources of information are factual and reliable, we in no way represent or guarantee the reliability of such information. |
