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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (8835)	8/20/2002 2:49:18 PM
From: Venkie	Read Replies (3) \| Respond to of 13815

Hope beas goes below 5 again ..I would luv to reload for a trade..Look at aklm. Tuesday August 20, 1:37 pm Eastern Time Reuters Business Report Acclaim Shares Soar, Industry Seen Strong LOS ANGELES (Reuters) - Shares of video game publisher Acclaim Entertainment Inc. (NasdaqSC:AKLM - News) soared on Tuesday as one analyst said it was time for investors to look at smaller game publishers, and cited Acclaim as a top example. ADVERTISEMENT Acclaim shares were up 26.3 percent at $2.26 in afternoon trade on Nasdaq, on volume about twice their 90-day average. The stock also rallied on Monday as part of a broader sector move higher. Acclaim shares are up 43 percent for the week, though they are still down 58 percent for the year. On Tuesday, Investec Inc. analyst James Preissler said smaller video game companies have lagged the performance of larger competitors this year, with only three listed game companies showing overall gains in 2002. "With the industry's strongest seasonal sales cycle still in front of it, we recommend that investors once again take a look at the smaller names in the space, such as Acclaim ... which we believe is poised for a strong fall (season) due to the release of key products," Preissler said in a research note. He also said some short-covering, in which people who have sold borrowed stock at high prices, betting the stock will go down, buy it back at lower prices and make a profit, could push up shares in the smaller publishers. While not mentioning Acclaim specifically, other analysts wrote of strong prospects overall for the industry on Tuesday after leading game retailer GameStop Corp. (NYSE:GME - News) reported its fiscal second-quarter results. GameStop posted a profit vs. a year-earlier loss, and raised guidance for the current quarter and next, citing expected strong growth in same-store sales. "Management indicated that they are seeing no meaningful change in the competitive pricing environment from the mass merchants, which we view positively," Matt Finick, an analyst at Thomas Weisel Partners, said in a note on Tuesday. "(The) company also expects the $49.99 retail price to hold for the majority of new titles and continues to see strong consumer demand for new titles," he said. Analysts have viewed the stability of the $49.99 price point for top games as important for publishers, because of the extra revenue potential if top titles can hold that price during the holiday season.