Cavedog, een van de studios van GT Interactive
is gesloten vanwege slechte resultaten over het afgelopen jaar. Hier een stukje van Avault
:Net loss for the third fiscal quarter was $118 million, or $1.50 per share, compared to net income of $17 million, or $0.24 per share, in Quarter 3 1998. The net loss for the fiscal third quarter includes about $89 million of incremental charges related to a reorganization stemming from the acquisition in December at the hand of Infogrames, which now has a 70 percent interest in GT Interactive.
Reorganization moves so far include a wind-down of GT's European publishing operations, the closing of the company's value distribution business and its Cavedog studio, and a reorganization of the company's management structure. Charges relating to these moves include $32 million in restructuring, $12 million in early debt extinguishment costs and approximately $45 million of sales and inventory reserves and other costs.
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