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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 (2027)	8/14/1998 8:48:00 AM
From: whitephosphorus	Respond to of 2319

Forbes 8/10/98 Grow up! Abstracted from Forbes 08/10/98 Videogames are grossing $5 bil/yr, which is similar amount to Hollywood's box office take, according to Oddworld Inhabitants Inc's (San Luis Obispo, CA) pres Lorne Lanning. The 60 employee Oddworld is 49% owned by GT Interactive, which has the rights to market Oddworld's games. Oddworld's Abe's Oddysee, a game featuring 3-D characters that was created on a budget of $2.5 mil, has sold 1 mil copies globally since its launching in 9/97. Oddworld is expected to obtain around $6 mil in royalties in 1998 from GT. Sales of Abe's Oddysee in Japan have totaled 110,000 copies, although Oddworld had wanted to generate sales of 250,000 units there. The problem is that the Japanese want cute characters and Abe is not cute. Detail is given to how the formation of Oddworld came about.