IPLY Q1 "earnings" and FOOL

Odin

Odin

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Interplay has released their "First Quarter 2004 Earnings" in which they show how mucho monetas they lost:<blockquote>For the first quarter ended March 31, 2004, the Company reported a net loss of $.9 million, or .01 per basic and diluted share, compared to a net income of $5.6 million or $.06 per basic and diluted share, in the same period last year. Net revenues for the first quarter 2004 were $8.4 million versus $18.8 million in the same period last year, a decrease of 55 percent. Finally the Company reported an operating loss of $.9 million in the first quarter as compared to operating income of $5.6 million in the first quarter of 2003. The decrease in net revenues and net income was mainly due to the sale of all future interactive entertainment publishing rights to the "Hunter: The Reckoning" franchise for $15 million in the first quarter of 2003.

Gross profit margin for the first quarter 2004 decreased to 40 percent, compared to 63 percent in the first quarter of 2003. Gross profit margin was lower in the first quarter this year as compared to last yearly mainly due to the sale of all future interactive entertainment publishing rights to the "Hunter: The Reckoning" franchise in the first quarter of 2003, which yielded approximately an 80 percent profit margin. Total operating expenses decreased 32 percent to $4.2 million from $6.2 million in the first quarter of this year as compared to the same period last year.</blockquote>Wow, they lost money even though they didn't pay their employees and rent money.. And also this has got to be the biggest laugh of all times:<blockquote>Commenting on the announcement, Mr. Caen said, "Based on a detailed review of where our industry stands and the level of interest in the gaming community in taking some of our premier properties online, we are now pursuing several options to fund our entry into Massively Multiplayer Online Gaming with titles including Fallout. Initial feedback from our investment bank and ongoing dialogue with others in the gaming sector appear to confirm that the combination of our valuable and popular intellectual properties with the rapidly growing online gaming community is the best way to maximize Interplay shareholder value."</blockquote>Yup you read it, Fallout Online is coming...But where are your designers, programmers and well...employees Herve ??
Cheers to Exitium of RPGCodex for informing us..
Link: IPLY Q1 earnings at Yahoo Biz
 
Hey, the guy spewed out Fbos, Hunter and lots of other moneydraining fuckup projects... What did you guys expect ?
 
Initial feedback from our investment bank and ongoing dialogue with others in the gaming sector appear to confirm that the combination of our valuable and popular intellectual properties with the rapidly growing online gaming community is the best way to maximize Interplay shareholder value
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Yep. Just look at the amazing success of MMOGs like....

"Mythica"....I mean....

"Warhammer Online"....err...

"True Fantasy Online"....merde!!


You know its the last desperate act of a CEO when he's trying to get into the MMORPG market and has absolutely no clue what is involved in doing this kind of project.

Herve only sees the potential cash cow of FOOL and not the reality of his situation (No offices, no dev staff, no cash, no chance in hell). :evil:
 
You have GOT TO BE FUCKING KIDDING.

Why doesn't Herve just come out and say they have no idea what they're doing and just ASK US what they should do.

Albeit, I think we'd all say 'liquidate and sell the Fallout license to Troika for a reasonable price... and when that's done, liquidate Herve.'

Another question I have is how they're coming up with the numbers to justify FOOL...

"Okay, we spend X thousand dollars to make a server and develop the client and server software, we sell it for Y dollars a month, and in Z months, we sell bugfixes^Wexpansion packs for Y+4 dollars."

I'm just waiting for someone to hit these people with a brick.
 
fallout online..... well thats a nightmare come true....

why rape fallout like that. can't Herve think of a new game that going to suck donkey *rse...
 
*BANGS HIS FIST ON DESK IN ANGER AT THE IDEA OF FALLOUT ONLINE*
*CUP OF COFFEE FALLS OVER*
*BANGS HIS FIST AGAIN IN ANGER AT THE SPILT COFFEE*
 
I've never played an MMORPG (thankfully?) so would somebody explain to me what are the points that make them so bad. Also, how the hell can they make it? I honestly think he's just BS'ing... I'm betting we're NOT going to see a FOOL.
 
Well, at least Mr. Caen hasn't lost his sense of humor. That bit about starting massive online games was guffaw-worthy. :D

Interplay's assets at the end of March were down nearly a million dollars from what they were at the end of December, and that's including some receivables from Titus and Avalon that they will never see.

The feeding frenzy on Interplay assets will probably begin soon...

Interplay owed Warner Brothers $1.4m on a promissory note last year, but they defaulted. As a result, they agreed to a settlement with Warner. They defaulted on the settlement, so they entered into a payment plan on the settlement. They have defaulted on the payment plan. Warner will likely file some sort of claim on Interplay assets to take whatever they can.

On or about October 9, 2003, Warner Brothers Entertainment, Inc. ("Warner")
filed suit against the Company in the Superior Court for the State of
California, County of Orange, alleging default on an Amended and Restated
Secured Convertible Promissory Note held by Warner dated April 30, 2002, with an
original principal of $2.0 million. At the time the suit was filed, the amount
due under the note was $1.4 million including interest. Subsequently, the
Company entered into a settlement agreement with Warner. The Company is
currently in default of the settlement agreement with Warner and has entered
into a payment plan, of which the Company is in default, for the balance of the
$0.32 million owed payable in one remaining installment.
Click to expand...

Monte Cristo can apparently pull $100,000 out of Interplay at any time.

This claim was settled for $100,000, payable in twelve
installments, however, the Company was unable to satisfy its payment obligations
and consequently, Monte Cristo has filed a stipulated judgment against the
Company in the amount of $100,000. If Monte Cristo executes the judgment, it
will negatively affect the Company's cash flow, which could further restrict the
Company's operations and cause material harm to our business.
Click to expand...

BioWare can now take $156,000 in assets from Interplay as well.

the time of
filing, Bioware alleged that it was owed approximately $156,000 under various
agreements for which it secured a writ of attachment over the Company's assets.
If Bioware executes the writ, it will negatively affect the Company's cash flow,
which could further restrict its operations and cause material harm to our
business.
Click to expand...

And then there's Arden's lawsuit, of course.

On or about April 16, 2004, Arden Realty Finance IV LLC filed an unlawful
detainer action against the Company in the Superior Court for the State of
California, County of Orange, alleging the Company's default under its corporate
lease agreement. At the time the suit was filed, the alleged outstanding rent
totaled $431,823. The Company was unable to satisfy this obligation and reach an
agreement with its landlord, the Company subseqently forfeited its lease, and is
in the process of locating another building for its operations. This suit and
interruption of our operations could cause substantial harm to our business.
Click to expand...

The state of California and the IRS can take legal action to seize assets as well. Employees too. And there are almost certainly more.
 
Odin said:
Wow, they lost money even though they didn't pay their employees and rent money.
Click to expand...
To be fair, Interplay uses accrual accounting on their income statement, so the rent and employee pay should have been accounted for in the expenses, in spite of the fact that they weren't paid. The $900k loss is probably a reasonably accurate picture of how Interplay really performed in the first quarter.
 
Fucking hell that's stupid...

It seems like the Fallout franchise is going to be dragged through the mud for the next couple of years...

Let's just hope he is forced to sell the rights off to someone else who wants them for reasons other then money.

I don't want to see Fallout sacrificed while this fuck head desperately clings to his company.
 
Well you go somewhere for a couple of weeks and you see that all hell broke lose what is the matther with Herve a fallout online game that woud be the worst thing that coud happen.I woud better not see fall out at all that to see a crapy one on line. :shock:
 
Translation from Fifi:

Based on a detailed review of where our industry stands...
Click to expand...

Our own industry presence is in the shitter.

..and the level of interest in the gaming community in taking some of our premier properties online, we are now pursuing several options to fund our entry into Massively Multiplayer Online Gaming with titles including Fallout.
Click to expand...

Someone, come up with a quick trend stupid Johnny-come-lately investors will look into! Let's come up with a stupid trend from five years ago and we'll just shit out a crappy product and blame the fans and market as usual!

-------------

Seriously, this is probably nothing more than stupid panhandling for attention by Fifi, on a number of levels. He's still a shithead.

Will this be the final item to unsocket the heads from some very stupid asses on the Raging Bulls forums? Or was that how those morons were duped into investing in the first place? "DHURRDHURR!@! LOOK!!!MMORPGGG!!! INVEST INVEST INVEST!!", all in the same diarrhetic tone of the Daleks? It certainly seems so.

At least Daleks were a force to be feared. Interplay investors are just to be pitied. Maybe sent back to school on the short bus for a few more years, they're not quite ripe in the head yet.
 
This is the song that never ends, Interplay just keeps going on and on..

Herve needs to seriously buy a clue.
 
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