Mon Jun 07, 2004 6:17 pm by H.Q. Victor
Interplays problems have been going on for a while. see below
8.21.2002 12:16:27 AM
Interplay Faces Nasdaq Delisting
Video game maker Interplay, of Baldur's Gate and Icewind Dale fame, has announced that the company has received notice on August 14, 2002 that its stock stands poised to be delisted on August 22, 2002, after an earlier grace period. The news came a day after Interplay reported Q2 2002 results, most notably net income of $20.9 million, or $0.22 per share. An August 13th deadline came and went without Interplay stock reaching a minimum share price of $1. Moreover, the Interplay is ineligible for an additional 180-day grace period for failing to meet the following requirements set forth by Nasdaq's rules, more specifically attaining $5,000,000 in stockholders' equity, $50,000,000 market value of listed securities, or $750,000 net income from continued operations. In the interim, the embattled game maker requested a hearing with a Nasdaq Listing Qualifications Panel to review Nasdaq's decision.
An even older article shows a less than positive outlook.
5.30.2001 12:14:45 AM
For Sale: Interplay
Interplay has confirmed that the company is indeed in talks with another company with the express goal of selling the company.
The identity of the interested party has yet to be revealed.
Edited by - Finalday on 6/7/2004 7:20:54 PM