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.


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Fraser Lovatt

Fraser Lovatt has spent the last fifteen years working in publishing, TV and the Internet in various capacities, and believes that they will be seperate platforms for at least a while yet. His main interests at the moment are exploring where Linux is taking home entertainment and how technology is conferring technical skills on more and more people. Fraser Lovatt was born in the same year that 2001: A Space Odyssey was delighting and confusing people in the cinemas, and developed a lifelong love of technology as soon as he realised that things could be taken apart, sometimes put back together again, but mostly left in bits or made into something the original designer hadn't quite planned upon. At school he was definitely in the ZX Spectrum/Magpie/BMX camp, rather than the BBC Micro/Blue Peter/well-behaved group. This is all deeply ironic as he later went on to spend nine years working at the BBC. After a few years of working as a bookseller in Scotland, ("Back when it was actually a skilled profession" he'll tell anyone still listening), he moved to England for reasons he can't quite explain adequately to himself. After a couple of publishing jobs punctuated by sporadic bursts of travelling and photography came the aforementioned nine years at the BBC where he specialised in internet technologies and video. These days his primary interests are Java, Linux, videogames and pies - and if they're not candidates for convergence, then what is?