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Infogrames stock plummets 27% today...

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  • #1

    Infogrames stock plummets 27% today...

    http://investor.stockpoint.com/quote.asp?Exchange=&Mode=&Symbol=IFGM


    Does anybody have any idea of the reason? Obviously, this is a HUGE deal and underscores how tough this business can be.

    Obviously, Civ3 will represent a good portion of Q3 and Q4 revenues. Anybody have information on the status of the game, before we start speculating?
    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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  • #2
    Dow and the NASDAQ are both down close to 14% this week, all those Blue chips are losing big time. Infogames is only a little tiny thing that goes with the flow.
    ==========================
    www.forgiftable.com/

    Artistic and hand-made ceramics found only at www.forgiftable.com.

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    • #3
      Seems like a good time to invest in them then. Assuming they survive until Civ 3 is released, they should be raking it in then. But then again, im not an accountant or anything...
      I'm building a wagon! On some other part of the internets, obviously (but not that other site).

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      • #4
        Yeah I think a lot of people are selling all their Western technology shares and buying up oil and weopon shares.
        Petrol just went up 4p today! 1p yesterday!
        That's unleaded, diesel you'd expect to go up more but it isn't?
        If you buy a load of infogames shares now then you should get a load when civ3 and MOO3 release. MOO3 is infogames isn't it.
        though Europa Universalis 2 is being released at the same time and is supposed to sell a lot more then civ3!
        EU sold so little cause it was online to download the day it was released No Cd needed
        though I can't find a site that has it after NewYork and now with Nimda
        Destruction is a lot easier than construction. The guy who operates a wrecking ball has a easier time than the architect who has to rebuild the house from the pieces.--- Immortal Wombat.

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        • #5
          The markets were down 14% the last week, but Infogrames was down about 50% overall. 66% decline in September alone. That's smoke! So what's the fire?

          GT interactive isn't doing as well as they thought--is this going to tank the whole company? Sure hope Firaxis has a good contract...
          Last edited by DanS; September 21, 2001, 17:28.
          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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          • #6
            Oops. Thought there was an announcement about MP...

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            • #7
              Guys Stocks are big trouble for the company. The Stocks are like merit badges, the higher the price, the higher the capital.

              This is not good news for any of you wondering. If it goes down another, oh say, 50-70% of its current value. You can kiss Civ3 goodbye for some time...

              Yes Infrogames is a spec on a elephants ass. And has no choice but to go with the elephant. If the trend continues, it will scare investors away further.


              But I think the market will recover. A few weeks the stocks will have bounced back...the money will be flowing again. I doubt Infogames will lose as much value as I said. But hey, if the downturn persists, nobody knows.

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              • #8
                oh, you're right... we can kiss civ3 goodbye. Because it makes sense for them not to release a game that they expect to sell tons of copies of.

                I think if they're losing money they'd want to release civ 3 faster, not slower. Don't make everyone so upset over your childish and irrational opinions.
                Retired, and it feels so good!

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                • #9
                  Civ3 is so close to completion it's suicide for Infogames not to release it.
                  ==========================
                  www.forgiftable.com/

                  Artistic and hand-made ceramics found only at www.forgiftable.com.

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                  • #10
                    I hope this won't jepordise the Civ3 expansion pack.

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                    • #11
                      "Don't make everyone so upset over your childish and irrational opinions."

                      Isaac: ease up, cowboy. Take that crap elsewhere, please.

                      FG is right in that a drop this precipitous (66% in less than a month!) can have a very real impact on Infogrames' ability to find additional cash and to do business with its retailers, distributors, and publishers. And that can have a very real impact on its ability to publish games--otherwise the stock wouldn't have dropped so precipitously.
                      Last edited by DanS; September 21, 2001, 18:18.
                      I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                      • #12
                        Hmm, some food for thought...Thanks for the update DanS.
                        ____________________________
                        "One day if I do go to heaven, I'm going to do what every San Franciscan does who goes to heaven - I'll look around and say, 'It ain't bad, but it ain't San Francisco.'" - Herb Caen, 1996
                        "If God, as they say, is homophobic, I wouldn't worship that God." - Archbishop Desmond Tutu
                        ____________________________

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                        • #13
                          I'm sorry. where would you like me to take my crap?

                          Yes, it could affect infogrames' ability to publish games. I believe it will mostly set back the games that aren't as important to their livelihood. Whether my comments are crap or not, I don't think there's any reason to aggravate people with wild speculation based on flimsy evidence.
                          Retired, and it feels so good!

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                          • #14
                            Wittlich: I'm looking for information. A 27% drop in one day has some news attached to it.

                            Isaac: people will come to their own conclusions. Let them. Thanks.
                            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                            • #15
                              IMO Infogrames' market value variation will not interfere with Civ3. This project is 99% ready and a simple delay on the release would prove disastrous to this year's sheet balance and thus reflect even more in the stock value. However, future projects, if the course of events remains unchanged (not likely), might be affected.

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