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Interplay Nearing Death

Discussion in 'Game/SP News & Comments' started by NewsPro, Jun 26, 2004.

  1. NewsPro Gems: 30/31
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    Remove all ads!
    (Originally posted by chevalier)

    Despite Herve's amibitious plans, it seems Interplay is soon going to be out of business. Here's some info from Yahoo:

    "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."

    Read the whole thing at Yahoo Business.
     
    NewsPro, Jun 26, 2004
    #1
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