Fledgling prepares for testing game of chance
Wednesday 17 July 1996
The company's first product launch next spring will be "Steel Legions", a futuristic real-time game in 3D in which you will be able to zap robots programmed with a variable range of human characteristics, including fear, recklessness and skill.
3i will subscribe for an additional 3.3 per cent of the shares, lifting its holding to nearly 20 per cent. Let's hope they've been programmed with financial foresight.
Dan Wagner's Maid, the on-line information provider, is listed in New York as well as London - where tech stocks have been badly hit by the current stock market sell-off.
One of our intrepid reporters was receiving a presentation by Mr Wagner yesterday, and wondering if Maid had been badly hit, asked him: "Are you wearing your hard hat?" The ebullient 32-year- old tycoon replied: "Oh no, I don't worry about anything like that. We're not looking to raise any money at the moment."
This did not stop Mr Wagner from remarking 10 minutes later that Maid's share price had fallen by 10 per cent that morning - meaning he had personally lost around pounds 5m in a couple of hours.
Mr Wagner bought his girlfriend Suzy some Maid shares the other day. She should have insisted on diamonds.
The high-profile launch of the Crest automated share settlement system on Monday has left the London Stock Exchange feeling sore. It wasn't invited. As the Chancellor Ken Clarke and big-wigs from the Treasury, the Bank of England and SIB swigged champagne, the Exchange was notable for its absence.
It was, of course, the Exchange which developed the Taurus automated settlement system which had to be scrapped four years ago at vast expense because there was no sign of it working.
The Treasury handed development of a new system to the Bank. The Bank in turn has been smug about the successful launch of Crest this week. Pen Kent, the Bank's director originally in charge of the project, observed on Monday that "the funniest press coverage of the launch I've seen has been the headline 'Stock Exchange launches news settlement system'. '' Meow.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Concerns raised phenomenon is threatening resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
Peter Biaksangzuala died from his injuries in hospital on Sunday
The X Factor's judges colourful outfit was mocked by Simon Cowell
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- 3 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Lynda Bellingham dead: Loose Women presenter dies after battle with colon cancer
Sophia Loren: How I rejected Cary Grant and 'pulverised' Marlon Brando with my eyes
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
'Russian submarine spotted' by Swedish military off coast of Stockholm
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Oscar Pistorius sentence: Athlete's wealth and notoriety provoke an overdue debate on South African prisons
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
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