Acclaim Faces Nasdaq Delisting

Acclaim are facing Nasdaq delisting as the market value of the company no longer meets the minimum criteria for inclusion on the technology stock market.

The company has until August 18 to remedy this or will no longer feature on Nasdaq. Shares fell 25% last week when the company reported their Q4 results for the financial year ending March 31 2004. Indeed, the debts that the company are facing mean that they could well be filing for bankruptcy before the end of the year.

Acclaim’s recent titles have not sold particularly well this year, and the outlook for Christmas is looking even bleaker – their forthcoming racing game juiced will be up against Sony’s Gran Tourismo 2 and EA’s Need for Speed Underground 2.

Acclaim

Grand Haven, Michigan is the First US WiFi City

Many US cities are racing towards complete WiFi internet coverage, but Grand Haven, Michigan got there on Saturday with complete end-to-end high speed wireless internet access.

The WifFi deployment by Ottawa Wireless Inc is the first full and complete city-wide WiFi deployment in the US. So they only have 12,000 residents, but they receive more than two million visitors each year.

Mayor Roger Bergman said in his announcement: “As the first WiFi city in America, Grand Haven has truly lived up to its name in the Internet era, as we now allow anyone anywhere to connect to the Internet and roam the city and waterways in a completely secure computing environment. The city-wide WiFi service provided by Ottawa Wireless is already enhancing the quality of life for residents and tourists and enabling the city to provide new services.”

The service uses several hundred 802.11a, b and g transceivers to cover the six square miles of the city, and even extends 15 miles into Lake Michigan – handy for checking weather forecasts if you’re out fishing. One local web designer has relocated to his office to his boat for the summer – he’ll be fine as long as he stays under 55 mph. The new network even incorporates a VoIP service for cheap voice calls.

Ottawa Wireless’ CEO Tyler van Howelingen commented on the structure of the project: “Grand Haven demonstrates how the public and private sectors can work together to provide an entire city and everyone within its limits with more affordable, easy-to-access Internet service. This is a proud moment for Grand Haven, and the benefits of anytime-anywhere Internet access are being enjoyed by every facet of our town, from tourists, boaters, and residents to businesses and municipal agencies. Already with more than 300 customers, this WiFi service is having a dramatic impact on the way people work, play and communicate around town. Its benefits are many, as it enables new public security services, attracts businesses, boosts tourism, and supports education.”

The service is subsidized by some of the hotels and marinas in the area, who also offer it free to their guests. Normally the service is US$19.99 (€16.57) for 256 kbps.

Grand Haven

Press Release