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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (2799)	11/20/1998 10:25:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 4231

REPEAT>Q2 98 release, Aug 14, 1998. Rabins v. Canadian Analyst? SOFTQUAD INTERNATIONAL INC. ANNOUNCES RESULTS FOR 1998 Q2 SIGNIFICANT PROGRESS IS MADE IN CHANGING COMPANY FOCUS FROM WEB TOOLS AND STRUCTURED DOCUMENTS TO CHILDREN'S VIDEO GAMES AND PC ENTERTAINMENT AND LIFESTYLE COMPANY Toronto, Canada, (August 14, 1998) - "...The NewKidCo acquisition will be amortized over the first six months of the 1998 fiscal year. The NewKidCo charge was $1.7 million of which $.76 million had no impact on cash flow. Reflected in these numbers is the impact of the arbitration ruling that was issued by the American Arbitration Association (see release dated August 13th, 1998)..."During the quarter we made significant progress in our mission to transform the company from a structured document and web-tools company into a company focused on Video Games for young children and PC based entertainment and lifestyle software, " stated Richard Rabins, CEO of SoftQuad. Specifically, during the quarter a number of objectives were achieved: 1. SoftQuad finalized its joint venture with NewKidCo. 2. Progress has been made on preparing for the launch of NewKidCo products in the upcoming fourth quarter and positioning the company to be a leader in video games aimed at young children. Based on the reactions from retailers and the press, the Company feels it is on track to meet previously announced objectives of achieving $9 million US of revenue with a strong contribution to earnings from NewKidCo for the fourth quarter. In a recent article in Computer Retail Weekly, it stated that "sales of video-game systems have nearly doubled in the two months since the Nintendo 64 and Sony's PlayStation 5000 series assumed a lower price. According to figures from The NPD Group, Port Washington,N.Y., unit sales of Sony and Nintendo's video-game systems increased almost 100 percent. 3.Several new entertainment and lifestyle products from the Alpha Software subsidiary were shipped, including three add-ons for Microsoft Flight Simulator: Air Force One, DC3 and the Planes of Airbus. Preliminary feedback from the retail channel indicates favorable acceptance of these products. 4.SoftQuad announced that it is pursuing the sale or spin off of SoftQuad Inc., its structured document and web tools subsidiary. The Company has hired Taurus Capital as an investment bank to assist in this process and is optimistic that a transaction will take place. Through this strategy the company will be in a much better position to focus its time and financial resources on creating a strong position in the children's video game market..." source: softquadintl.com ...so what's this Canadian analyst talking about?...accordingly, we have calls/email into the Board of Directors to resolve/reconcile said STRONG SELL and accompanying analyst estimates suggesting continued losses through fiscal 1999 ending December 31 with all recent representations of substantial Q4 98 NewKidCo sales and earnings contribution growth...