To: Money Maker (MM) who wrote (7097 ) 4/15/1998 10:05:00 AM From: Frederick Langford Read Replies (1) | Respond to of 34592
To All: For your consideration: AKLM SOUTHPARK the hottest,it's the 'new Simpsons' NHL Hockey NFL Football Acclaim's Q2 Loss May Be Last in Next Four Quarters (MULTIMEDIA WIRE, Vol. 5, No. 67) -- Acclaim Entertainment [AKLM], after a $1.2m dip into the red in Q2, will be profitable for the next two quarters, possibly the next four, CEO Gregory Fischbach tells MMWire. Acclaim had forecast a loss of $2m-$4m for the quarter (MMW, Jan. 14). But the company reported Monday a net loss of $1.2m, or a basic and diluted loss of 2 cents/share. That compares to net loss of $16.8m, or a basic and diluted loss of 34 cents/share, for the same period last year. As with most interactive entertainment industry companies, Acclaim's future profitability hinges on is releasing titles on time, Fischbach says. If that happens, "we're looking good" for the next four quarters, he adds, touting the soon-to-be-released Forsaken. Acclaim will ship more than 250,000 units of Forsaken for PC later this month. While the company has pegged a sell-in number for the PlayStation version in mid-May or the N64 version in late-May, Fischbach expects to ship more than 250,000 units for each console. Revenues for the quarter were $69.3m, up from $52.3m for the same period last year. For the six-month period, Acclaim reported net income of $6.8m, or a basic and diluted gain of 13 cents/share. That compares to net loss of $35.8m, or a basic and diluted loss of 72 cents/share, for the same period last year. Revenues during the six-month period climbed to $161.6m from $105.6m for the same period last year. Acclaim's stock yesterday closed down 15/32, nearly 6.5%, at 6- 25/32. (Acclaim, Gregory Fischbach, 516/656-5000)