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Interplay = fuct
Company News - posted by Saint_Proverbius on Sat 15 November 2003, 02:40:03Tags: Interplay
I just spotted this on No Mutants Allowed. Anyway, Interplay, the company that freaks out any time someone mentions that a sequel to Fallout Enforcer is already in production, is basically screwed financially. How screwed? Well, there is this report which includes some comments from the Inspector Clouseau of game company CEOing, Herve Caen. He says:
If we are unable to substantially reduce our working capital needs, are unsuccessful in collecting amounts owed to us, fail to adequately exploit our game assets, or otherwise do not receive sufficient financing we may pursue a number of actions, including, but not limited to, (i)liquidation of any or all of our assets, (ii) sale or merger of the Company and/or (iii) seek protection from our creditors.
To reduce its working capital needs, the Company has implemented various measures including a reduction of personnel, a reduction of fixed overhead commitments, cancellation or suspension of development on future titles which management believes do not meet sufficient projected profit margins, and the scaling back of certain marketing programs. Management will continue to pursue various alternatives to improve future operating results, and further expense reductions, some of which may have a long-term adverse impact on the Company's ability to generate successful future business activities.
I just like the wording, adequately exploit our game assets.