Lewis Galoob Toys Projects Losses: Lewis Galoob...
Compiled by YEMI TOURE
Lewis Galoob Toys Projects Losses: Lewis Galoob Toys Inc., stung by slowing sales and a court defeat to video-game giant Nintendo, forecast “significant” losses for the second quarter and entire year. The toy maker said sales had fallen below expectations for its two major product lines, Micro Machines and Bouncin’ Babies. On June 29, a federal judge in San Francisco ordered Lewis Galoob to halt plans to market a product called Game Genie that would allow players to modify Nintendo games and make them easier. Last year, Lewis Galoob earned $19.6 million.
