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Technology Stocks : GTIS - Will it be a Phoenix or not ? -- Ignore unavailable to you. Want to Upgrade?

To: RJC2006 who wrote (1438)	2/3/1998 12:48:00 PM
From: Bill Gizzo	Read Replies (2) \| Respond to of 2319

Why the 1/2 pop yesterday ?? See my post #1441. GT has clarified how it's going to expense their accumulated pre-paid royalties of $87.5 million. << When it reports results for Q1 '98, the company will reveal that it is budgeting 15%-20% of what it expects will be its annual publishing revenue on R&D. Chaimowitz declined to reveal how much revenue is expected (Not a good sign!! Here was his chance to pre-announce good news or reassure investors regarding Q4), but CIBC Oppenheimer analyst Robert Fagin forecasts GT generated about $308m from publishing last year.>> 20% of which would be 61.6 million. Cheers Bill