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Technology Stocks : Microprose, MPRS -- Ignore unavailable to you. Want to Upgrade?

To: Snake1132 who wrote (342)	3/10/1998 5:50:00 PM
From: Coy Lynn Gullett	Read Replies (1) \| Respond to of 633

<<<My own estimation is that the company is waiting for the Nasdaq to force the issue before officially announcing its solution, and that the solution is almost certain to be a reverse split. >>> This is from an aklm press release about thier Nasdaq listing..and continuation of it.. most importantly is the 90 review peroid beginning Feb 23, (which I assume will apply to mprs also) So on or around May 23 things could start to happen concerning Mprs and Nasdaq. <<Acclaim Entertainment Clarifies Nasdaq Listing Status; 9-Year Nasdaq Veteran Company Returns to Profitability for Fiscal Q1 1998 GLEN COVE, N.Y.--Acclaim Entertainment, Inc. (NASDAQ:AKLM), a worldwide interactive entertainment company, today clarified its listing status on the Nasdaq National Market in response to an incomplete report published yesterday. Acclaim stated that the only activity the company has scheduled with Nasdaq for February 23 is the start of a new 90-day review period for the company's stock pursuant to Nasdaq Marketplace Rule 4310 (c)(8)(B). The published report, erroneously perceived by many to be from a press release issued by Acclaim, was actually written by a national news service. The company has been advised by Nasdaq that it, along with all Nasdaq-listed companies, are subject to review by Nasdaq for compliance with a new combination of quantitative and qualitative listing requirements, made public in November 1996 and approved by the SEC on August 22, 1997. Acclaim has been advised by Nasdaq that as of that date, all companies that did not meet one or more of the new criteria were given a six-month grace period, with a scheduled review on February 23, 1998. "We were pleased to report a profitable first fiscal quarter for 1998 on Monday, after two years of hard work, and we have our strongest product lineup in years ahead of us," said Gregory Fischbach, co-chairman and CEO of Acclaim. "We currently meet 5 of 6 of Nasdaq's quantitative maintenance criteria, and we look forward to working closely with the Nasdaq organization during our next 90-day review period, which starts February 23." On January 12, Acclaim reported profitable results for its first quarter of fiscal 1998, ended Nov. 30, 1997. Net revenues for the quarter were $92.3 million, and net earnings for the first fiscal quarter of 1998 were $8.0 million, or $0.15 per share. Profitable performance for the quarter was fueled by several strong retail releases, including N64 titles NFL Quarterback Club '98 and Extreme-G. Sales for the company's March 1997- release N64 hit Turok: Dinosaur Hunter also remained strong. The combined strength of Acclaim's N64 titles resulted in a 17.3 percent dollar share of the N64 software market, compared to an 8.6 percent share for its closest competitor, according to a Jan. 5 CIBC Oppenheimer report based on November 1997 TRSTS industry data. CONTACT: Kathryn Morris Acclaim Entertainment 516.656.5000 kmorris@aklm.com >>>>>>>>> Coy

To: Snake1132 who wrote (342)	3/10/1998 6:01:00 PM
From: Bonzo	Read Replies (2) \| Respond to of 633

Snake thanks for the follow-up to my post and conversation with Tom Krause (sic). I didn't get his title did you? Perhaps it was the way I phrased the question to him. I asked if the board had met and approved a reverse split. I was told no where did you hear that from? I do agree with you in that as long as NASDAQ does not push MPRS or impose a time limit (no time limit yet) the company will not reverse and continue to run their business. (See AKLM) I don't understand, and Krause could not answer it either, why Race and Louie continue to feel that a reverse and a top tier Nasdaq listing is in the best interests of the shareholders. IMO its not. I think its time to listen to the shareholders. (THOSE WHO AGREE CONTINUE TO WRITE RACE!) Take the Small Cap listing. The NASDAQ Small Cap is NOT THE BB! Many stocks listed trade in the double digits and are very profitable and prosperous companies. I believe that Race & Louie personally feel a move down off the NMS would be a sure sign of failure on their part. So they seek to maintain the top tier as a matter of saving some face on their part. Their credibility has already been damaged a great deal after the GTIS fiasco. I do not believe that their loan covenants specify a NMS listing must be maintained but of course I could be wrong. That said this company does have a lot more games and quality product due out than the other two companies I owned when their stock reversed. I will have to average down either way. I believe I will wait until the current Q is over and the numbers (losses) are out of the way. The key as you said is getting these games out close to schedule. Their tenuous cash position does not afford them the luxury of time here. The games must get out and the earlier the better. Cash Flow will be the absolute lifeblood of this company. Good Trading and Good Luck to all MPRS longs.