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Monday, August 01, 2005 6:53:49 PM
Doomed strategy
by: johnforoo
Long-Term Sentiment: Strong Sell 07/30/05 02:06 am
Msg: 21674 of 21689
From Forbes.com:
NEW YORK - Former Macrovision (nasdaq: MVSN - news - people ) Chief Executive William Krepick said his company expects to double the output of the game distribution outfit it plans to acquire. Macrovision on Tuesday announced plans to buy privately held Trymedia for $34 million, in a transaction scheduled to close July 29.
Looks like they have paid $34Million cash for nothing but junk. Consider the technology - MVSN already had content protection technology. Consider the distribution network of games, which Krepick says will double - most of the games are junk games - mostly 3rd tier junk titles.
The new CEO is a big talker - he uses nonsensical cliches and technobable - most MVSN technical employees will see through this shallow crap that he spouts at all meetings. Can someone please ask this guy to shut up.
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