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Technology Stocks : Take Two Interactive Software (TTWO: Nasdaq) taking off! -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (150)8/19/2001 8:48:55 PM
From: DELT1970  Read Replies (1) | Respond to of 191
 
Mentioned in Barron's this week:
Take-Two Interactive Software's CEO aims his joystick shots at short-sellers in the latest Barron's. Top exec Kelly Sumner points to positive cash flow at the interactive-game software maker (TTWO: news, chart, profile), which has titles such as "Grand Theft Auto," "Railroad Tycoon" and "Mafia," with new versions coming out this fall. Short-seller Marc Cohodes of Rocker Partners responds with claims of a million share sales recently by insiders and criticism that 45 percent of the company's revenue comes from distributing other company's game titles. Barron's notes that short interest in Take-Two amounts to about 25 percent of publicly held shares as it has risen from a low in November of $8.41 to Friday's close at $19.05.