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Interplay Revision

A change in the fourth quarter results of Virgin Interactive Entertainment is forcing Interplay to revise it financial results for the fourth quarter and the year. Interp...
A change in the fourth quarter results of Virgin Interactive Entertainment is forcing Interplay to revise it financial results for the fourth quarter and the year. Interplay holds and 43.9 percent stake in Virgin Interactive, and the downward revision of Virgin's financial has the effect of decreasing Interplay's total assets while increasing the company's net loss. Interplay's revised financials show a net loss of $9.6 million for the fourth quarter and $41.7 million for the twelve months ended December 31, 1999. The new fourth quarter loss is 18 percent greater than the $7.8 million that Interplay originally posted on March 21 and represents the stripping away of $1.7 million that Interplay had recognized as equity net income in Virgin Interactive. Interplay's operating loss of $4.6 million is not affected by the revision.

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