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

To: Nutty Buddy who wrote (2042)	9/1/1998 9:46:00 PM
From: genek	Read Replies (1) \| Respond to of 2319

Is anyone here interested in discussing GTIS as a good short candidate? After being burned by MPRS (soon to be a division of Hasbro, if the acquisition goes through), I see many similarities. 1. Bad balance sheet. I'll do a more elaborate analysis later, but suffice to say, cash is growing more scarce, and cash flow seems to be deteriorating. 2. Stuck in hit driven industry. Yet, even with hits, GTIS still seems to be barely treading water. Unreal should do very well this year. But, for once, a game that really pushes system limits aren't causing hordes to upgrade. Unreal rocks on a 3Dfx card, but even on a hot P-II system, I find that gameplay is mediocre because of the horrible frame rate. 3. Risk of Nasdaq delisting, and the opportunities this usually affords. I have no idea what causes this phenomenon, but if GTIS is forced to do a reverse split, expect stock price to collapse. MPRSd, the new issue that resulted from the reverse 5:1 split, cratered almost immediately. Seems to be a common pattern after these reverse splits. 4. History of being unable to keep maintain good relationships with development houses. They lost id, and they look like they're going to loose the Unreal folks. Why? 5. General lack of faith in management. There seems to be a consensus on this board that GTIS management is incompetent. That's a good thing to look for in a short. :-) 6. Impact of convertible notes. Always nice to see balance sheets get messed up with these debt offerings. I'll elaborate on these points, but I'm just beat. Up at 5:30am this morning to do homework before market open (Pacific time zone), and managed to short GTIS when it popped its head above 5. Yay! I'm interested in hearing your thoughts, and I hope this sparks some interesting discussion. Cheers, Gene