IPLY rumours

Odin

Odin

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Well the continuing saga about IPLY and Titus goes on and today we can represent this which we heard from a credible source:<blockquote>IPLY employees were paid today for the 4/30 check - but were told not to cash the checks until Monday. They were NOT paid for the 5/14 check, though. Also, all benefits like health insurance and such were cancelled. They were told there would be a big meeting on Monday about all this.</blockquote>So......how did the meeting go ??
 
It was said to have been cancelled, yes, but it wasn't being paid for quite some time. Old news.

Quoting and linking to another post by yourself as a reference, with no reference given for it either, is really pointless.
 
O, and as Brios mentioned in the other thread, the Titus site was down. Now it is apparently back up.

The Interplay site is down tho.

The meeting is at the end of the work day, so I assume its not good news either.
 
Roshambo said:
It might have been cancelled yes, but it wasn't being paid for quite some time. Old news.
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iirc, it wasn't being paid, and then they paid part of it, but the premiums went sky high for the employees. Now, they stopped paying it again and cancelled it. I could be mistaken.
 
Anyway you look at it, it's the death of a former giant.

Goddamn, it's amazing how two individuals (Darth and Hervey), can take a company and make such horrendous decisions. More so that the board allowed them to continue to make such more calls regarding the monies owed to IP.

There's going to be a firestorm over this, and I wouldn't be surprised if some class action suits start hitting.

Not that anything will come of it...
 
kumquatq3 said:
iirc, it wasn't being paid, and then they paid part of it, but the premiums went sky high for the employees. Now, they stopped paying it again and cancelled it. I could be mistaken.
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Ah, I wasn't aware about any payment at all towards the health insurance. I must have not been following the drama that in-depth.

Hence, why I made the comment about your...source.
 
I didn't get much, but I heard that what the employees were told more or less meant Iply will be around for awhile longer. Thats all I got. Now what Iply told them and what Iply will actually do is subject to debate.
 
Roshambo said:
There's that little matter called a "source" that I am still curious about.
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Eh, can't help you then. Sorry. Your going to have to get independent conformation. I had it confirmed once myself, tho I guess that doesn't help you. Just ignore what I said or something.

Anyways, I suppose you'll find out if it's good or not soon enough. Remember, that is just the impression given at the meeting, who knows what Iply will do. As I said, if I get more, I'll try to let people know. Just like everyone else does.
 
Sometimes sources prefer not to disclose information publicly themselves. It is your choice whether to believe the bearer of the news. Kumquat has been reporting for months now on the situation at Interplay with great accuracy and detail, and I, for one, am quite confident that his latest post is quite correct. :wink:
 
Yep what kumquatq3 said is correct, let`s see what really happens though, i agree that between the rethoric and the reality there`s always a big gap on Interplay.

Sometimes sources prefer not to disclose information publicly themselves. It is your choice whether to believe the bearer of the news. Kumquat has been reporting for months now on the situation at Interplay with great accuracy and detail, and I, for one, am quite confident that his latest post is quite correct.
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True. Saint got the scoop this time though, have to give him credit too.
 
i agree that between the rethoric and the reality there`s always a big gap on Interplay.
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Why I even mentioned that is because the site is still down, while it just might be to save money, they made no mention of it at the meeting. Apparently.

I also got the impression that thier internet was down in general.
 
Briosafreak said:
Yep what kumquatq3 said is correct, let`s see what really happens though, i agree that between the rethoric and the reality there`s always a big gap on Interplay.
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I have a feeling that if Mr. Caen were playing chess and were down a queen, two rooks and a knight, he'd continue to battle it out until every last one of his pieces had been taken. Only then would you see his king lowered. It seems to be his modus operandi. While I'd be the first to agree that there is a disparity between reality and its Thomas Kinkade counterpart that Interplay management likes to display, it would not surprise me to see Mr. Caen hold out for a sale until Interplay has been evicted, all of its services halted, and every last employee gone before throwing in the towel. Or maybe some folks simply want to wring a few last drops of cash out of it, knowing that it will be liquidated for creditors when it finally goes down. (If we see a bunch of ping pong tables go up for sale in Irvine on eBay, we'll know it's the latter. :) )

We've known that Interplay as an operational entity was essentially finished since the April 14 conference call and 8-K filing, however there is the remote possibility that Caen will be able to sell the company. Would that be a smart move for another company? I don't believe that it would be. Does that mean it won't happen? No. Sometimes companies make poor decisions. I'd actually like to see it happen if it meant that those still with the company could keep their jobs and that those still hanging on to Interplay stock could make a little money (or lose a little less, as the case may be). Still, the chances of finding a buyer are minute, in my opinion. Certainly, the loss of a service as basic as the web page is a blow to image of operability that could help to sell the company.

It could go down tomorrow, but it may be a couple more weeks. Of course, as I mentioned to someone else today, I thought exactly the same thing a month ago. Caen has a knack for managing to keep his companies asymptotically above insolvency. It's tough to know exactly when his juggling act will have so many balls in the air that he will have no choice but to drop one.

True. Saint got the scoop this time though, have to give him credit too.
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Sorry. Didn't mean to take anything away from Saint. The Codex ran by far the best news item on today's meeting.
 
About the website being down.
The funny thing is that the webserver responds to pings, and it wouldn't if it was down. so the webserver is running, but just not showing the site.

The server name is nt1.interplay.com [64.7.211.19] I think its very unlikely that that is an external service running the webserver. So i don't think its to save money, because all they could save is power or the cost of the internet line, but since the server is actually online i don't think thats the case.

It wouldn't be the first time a company took there website down and saying it was an server error. :D
 
Sorry. Didn't mean to take anything away from Saint. The Codex ran by far the best news item on today's meeting.
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Where? I can't find anything about what happened at the meeting at rpgcodex? Link please? Or are you talking about the news bit that lead up to this?
 
I have a feeling that if Mr. Caen were playing chess and were down a queen, two rooks and a knight, he'd continue to battle it out until every last one of his pieces had been taken. Only then would you see his king lowered. It seems to be his modus operandi.
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That is very true. The only problem with Mr. Caen's current strategy is that his own "pieces" are leaving the board. Since E3 there has been a slow but continuous exodus of the remaining staff that has effectively crippled development.

Herve is either too stubborn or too stupid to admit that his current plan for funding Interplay will not work, and that selling the company is his only option (short of declaring bankruptcy).
 
trolle said:
The server name is nt1.interplay.com [64.7.211.19] I think its very unlikely that that is an external service running the webserver. So i don't think its to save money, because all they could save is power or the cost of the internet line, but since the server is actually online i don't think thats the case.
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You don't see the difference in bandwidth from going from a multitude of hits down to not serving pages at all? Pings and page requests don't qualify to be measured in kilobytes. :)
 
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