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Bad News When it Comes to Stocks.
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2005-08-11
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Since the appointment of new Chief Financial Officer, Stephen Taylor, the company had some bad news to announce. It seems they are likely to lose one of their top patrons due to falling stock prices.
The client in question here is a United Kingdom bookmaker. Their plans are to launch an online poker with the company, agreed by the software carrier. The UK company has reconsidered how to bring this back in their direction.
The company was left reeling at the reports, the stock price dropped by 25% to $21.77. The deal was part of a larger projected future revenue, with profitable profits. The company is expecting that this change will occur in 2006 profits if things fall through there.
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(By Andrea)
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