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Gold/Mining/Energy : GTR GROUP INC. (formerly Games Trader) TSE:GTR, AMEX:GIG -- Ignore unavailable to you. Want to Upgrade?


To: mr. ed who wrote (2)6/22/1999 11:26:00 AM
From: Professor Dotcomm  Respond to of 290
 
<so this is new tech>

Good point to raise. No. GTR is old tech. Curiously, though, it thrives from the new tech vanguard in front of it because the displaced tech expands GTR's market.Let's take the analogy of Crichton's <Jurassic Park>. When the hardback was first published... well yes it sold well. Then high tech comes along and makes a blockbuster movie with new simulation technology. Then the paperback comes out after the movie and goes right to the top of the charts. If GTR were a value-priced book distributor, it would have had to try and get the paperback rights to Jurassic Park. It certainly would not have either published the hardback or produced the movie. I admit the analogy creaks here and there but it is useable.

Y2K does not appear to be a concern since dating is not a feature in videogames and, in any case, all consoles produced during the 90s were already fully Y2K compliant. Y2K concerns may actually assist the sales of the new generation consoles - and hence, later on, GTR.



To: mr. ed who wrote (2)6/22/1999 5:11:00 PM
From: Dettmer  Read Replies (1) | Respond to of 290
 
The company's AGM is tomorrow in Toronto at the TSE Centre at 11:00AM. If anybody is planning on attending it would be nice to get your views after the meeting.

<<Any news about the new Web site? >>

I certainly haven't heard anything. In any case, the money that they raised for that purpose ($14 million) is still in escrow until they clear their prospectus. I guess they will let us know how they will spend the money once they have access to the funds. In the meantime the stock is holding well.