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Interplay dead before Fall?
Company News - posted by Saint_Proverbius on Sat 26 June 2004, 02:01:17Tags: Interplay
In more fun news with Interplay, Biz.Yahoo is reporting that they won't survive this quarter's end. Here's a bit of the thing:
"The company anticipates its current cash reserves, plus its expected generation of cash from existing operations, will not be sufficient to fund its anticipated expenditures through the second quarter of fiscal 2004," Interplay said in the filing with the U.S. Securities and Exchange Commission.
"Consequently, the company expects that it will need to substantially reduce its working capital needs and/or raise additional capital," Interplay said. "However, no assurance can be given that alternative sources of funding could be obtained on acceptable terms, or at all."
Earlier this month, California labor officials shut down Interplay's headquarters when it learned the company had failed to carry workers' compensation insurance for 79 employees. It has lost its lease on those offices for failing to pay rent.
Yeah, how you going to make those MMOs now, bitch?
Spotted at: NMA