Continued Confusion Over Acclaim's Future

Despite increasingly ominous news concerning the fate of publisher Acclaim Entertainment, the long-term future for the company is still unclear. The company’s offices in Glen Cove, New York; Austin, Texas and Manchester, England are now all closed, but there has been no attempt to file for bankruptcy. One analyst has argued that bankruptcy is in fact unlikely, stating that "they will very likely not liquidate, but will merely declare to keep their creditors at bay until they can generate revenues sufficient to pay their debts. They're not that bad off and I think that rumors of their demise are greatly exaggerated." Sources from inside the company have said that they have been told that the company will be filing for bankruptcy, although senior Acclaim staff have refused to comment on the situation at all.