http://www.warthog.co.uk
Daily Execution Price and Volume

Major Shareholders
( 4 Nov 04) 367.48m 1p Ords - Evo Noms Ltd 9.12%, Broughton Ltd 8.16%, Chase Nominees Ltd 4.76%, Barclayshare Noms Ltd 4.71%, Goldman Sachs Secs (Noms) 4.18%, HSBC Global Cust Noms (UK) 3.81%, Gartmore Inv Ltd 3.09%, A J Hall 2.05%, Other Dirs 1.34%.
http://www.hemscott.com/internet/custom/whog/
Trades over 90,000 shares are delayed in reporting by 1 hour.

03 November 2004
WARTHOG PLC
DISPOSAL OF SUBSIDIARIES

The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.

Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.

The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.

The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.

Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL is a designer, developer and
marketer of mobile telematics systems and services that combine global GPS
functions and voice recognition technology to locate and track vehicles and
people down to street level in countries throughout the world. The systems are
designed to operate on GPS and are currently being marketed to GSM current and
potential subscribers, primarily by the company's United Kingdom based
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.

The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.

As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.

About the Gizmondo device
The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a
2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates
the GoForce 3D 4500 Nvidia graphics accelerator. It provides cutting-edge
gaming, multimedia messaging, an MP3 music player, MPEG4 movie playing
capability, a digital camera and a GPRS network link to allow wide-area network
gaming. Additionally, it contains a GPS chip for location based services, is
equipped with Bluetooth for use in multi-player gaming and accepts MMC card
accessories.

The Gizmondo device and its games are due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.

Further information on TGTL, GEL and the Gizmondo device can be found at:
www.tigertelematics.com
www.gizmondo.com
Enquiries:
Ian Templeton
Chairman - Warthog plc
Tel: 0870 122 5420

6 November 2004.
Daily Mail Newspaper : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

This article on TheRegister site yesterday
http://www.theregister.co.uk/2005/03/31/gizmondo_retail_deals/
Personally, I have not seen that much advertising but maybe it has been local rather than national.

The tv advertising is targeted at the younger generation so is shown on the likes of MTV and C4, E4.

Tiger down to $16 -- a 14.89% drop. Must admit, starting to have some doubts myself now. Will wait and see what happens in the US on Monday. Any further south and I'm outta here!

Paulo2, WHOG have 497,866 shares in TGTL now at $15.9 which is $7,960,877. WHOG has 347.6m shares issued which then values each share at approx 0.012p using $1.86 = 1GBP as exchange rate. So what we actually have now is a WHOG share value on par with TGTL i.e. all the discount eroded at this moment. Personally, I do not think the TGTL share will move much until the USA becomes more aware of the Gizmondo product when it starts being sold in their own backyard. Had TGTL got their NASDAQ listing, the whole world could contribute to the sp but as yet it is still exclusive to the Americans as an OTC share. Do they (the Americans) know what's happening here re. the Gizmondo or in Ireland or in Europe? IMHO I think not. Personally, I will only suffer a loss if I sell so I'm sticking with it for the time being. Hope you get lucky.

this share price is a collosal drop on recent form.Very concerning. The hype on its own should have kept it $20+(IMO). I dont see why with no negative announcements it would have halved on its $30 + peak. Is it because they can now see the product in the flesh now and do not rate it ?

Just my saturday morning musings.

A good post from Deancroft and Willfagg. I was going to ask why the sudden drop in TGTL. I wonder if the WHOG management, although they obviously couldn't sell the TGTL stake, took out option cover when the price rose to $30? Would this not have been prudent management practice? (For those that don't wish to look through 852 previous posts, this was something that I mentioned at the time :-). I didn't take option cover a) because I don't tend to use options, b) I have a spread of assets, (unlike WHOG!), and c) I didn't have $ 15 M of TGTL stock in one basket.

Also wondered if any of the people who have been using more cash to buy more shares, (see various posts from others above) actually spent some of it on a Gizmondo ? Have any of them been to a shop and seen a Gizmondo? If so, what are their impressions.

I must admit that I didn't realise until I read it last weekend that there are only 2 games actually available on the Giz, (the rest are still in development). I personally think that most people think that the Giz is just another portable gaming machine and in that belief are waiting for the new Sony PSP instead.

I appreciate that Giz only has to capture a small percentage of the market to make alot of money, (relatively), but, as I think has been posted before, it would be good to hear how many of the 'pre-orders' have been fulfilled with sales and how many units they have actually sold since launch.

Drove to Manchester from Liverpool this morning to buy a Giz. When I asked the bloke behind the counter for a Gizmondo he didn't have a clue what I was talking about. So I made him look on the computer where he discovered that his firm was actually selling the Giz -- but by mail only. I've paid my 229 and am expecting it on Tuesday now.

Things really aren't looking very good for WHOG at the momemt IMHO, especially when you see press releases like the this one:

"The Gizmondo console launched only last month in the UK has run into trouble with the changing of the clocks in the UK. For some reason the new handheld developed by Tiger Electronics wasnt prepared for the yearly shift in time each year in the spring.

As a result of the UK going into British Summer Time, a bug has been exposed in the shell script that will effect how the device works.

Speaking to Gizmondo, it said that updates will be send out to the purchasers of the device via either SD cards or GPRS upgrades on the 14th of April.

The setback comes as Gizmondo announced that it will be selling the handheld console in John Lewis, Carphone Warehouse and GameStation in the UK."



My main concern right now is that Tiger and the Giz may well go on and have a brilliant future, but the Hog has only until November.

Like I said in a previous post I will wait to see what happens to TGTL's SP on Monday and whether the Giz is actually as good as I hope. If it ain't looking good then I may get out of WHOG and put the cash in to Tiger when it releases in America or we see some sales figures.

LOL

PS, Dean, I think there are closer to 380m WHOG shares which would mean the HOG is overvalued.

Paulo.
The business about the internal clock was an April Fools day crack by the accounts of those that have the Giz and experienced no such problem.
If you go to the SEC filings site of Nasdaq, you will see that Tiger has just filed some reports. In those filings it states that the remaining reports will be submitted within 10 - 15 days. It can then request a switch to the main board.
What annoys me is that I was informed in January by TGTL that it had complied with every aspect of the application process and was awaiting clearance of the backlog. I can only assume that the people in Florida are responsible for compliance and screwed up. Reading between the lines, I see the delay has been with carrying out an independent financial audit of the accounts, 2003 & 2004, and compiling the annual reports. 2003 has now been submitted. 2004 due in 15 days.

EA Publishing FIFA SOCCER 2005 FOR Gizmondo

In a show of support for the Gizmondo platform, Electronic Arts (EA) has placed screenshots of FIFA Soccer 2005 for the Gizmondo. The game is first of many EA titles we've been told are coming to Gizmondo.

An official press release from Gizmondo is expected soon.

Where did you get that from, Iturama?

Paulo

http://www.gizmondoforce.com/news074.html

http://www.easports.com/games/fifa2005/gizmondo.jsp

This has been posted on the US tiger board.

Sony drops PSP support, litigation looms
Posted by Matt Paprocki on April 01, 2005 12:44 PM (See all posts by Matt Paprocki)
Filed under: Culture, Culture/Tech: Humor and Satire - Scroll down to read comments on this story and/or add one of your own.

Sony Playstation Portable (PSP) Value Pack
Video Games from Sony Computer Entertainment
Release date: 24 March, 2005


Roughly once a week, Sony representatives visit the retailers who carry their products. They check on kiosks, update employees on various happenings, and set up merchandising.

This week, Sony's representatives have told a small number of employees (including myself) that the PSP is going to be pulled from the market within the next few weeks. This is news that should be staying at a store level, but it's simply not fair for someone to purchase such expensive hardware and not get what they paid for. Therefore, we've chosen to reveal what we know as of right now.

These representatives are stating numerous reasons for the decision. Chief among them is the Immersion Corporation lawsuit, as Sony stands to pay $90.7 million million if they lose the appeal. That potential loss in their games division, coupled with an astonishing number of defective PSPs due to dead pixels, has forced them to reevaluate the company's decision to release the hardware.

Sony's stockholders have shown concern. An undisclosed amount of money is being put toward development of their next-generation PlayStation, which is now where Sony will focus their efforts. When asked about the upcoming European launch, they have responded with "it will not happen."

Some software may still be released, as third parties will try and recoup their losses as much as possible. Unlikely to make it to store shelves, however, are the EA Sports titles "MVP Baseball," "NBA Street Showdown", and "FIFA Soccer." When the official announcement is made within the next two weeks, stores will be asked to explain to angry customers at a store level that the system still fully supports MP3, photos, and video playback. If the customer is still not satisfied, they should be directed to Sony's customer service line.

The signs of this action have been slowly revealed over the past few weeks, starting with the forced resignation of the PlayStation creator Ken Kutaragi . Most observers expected Kutaragi to take over the top position within the company. The Japanese launch was riddled with problems, hardware sales in the U.S. have been lukewarm at best, and a staggeringly high number of those systems have been returned with the above-mentioned problems.

People will surely be disappointed as many of the "must have" titles for the PSP were just around the corner.

The link:

http://blogcritics.org/archives/2005/04/01/124400.php

Note the comment:
When asked about the upcoming European launch, they have responded with "it will not happen."

well - have bought some more whog - at these prices crazy not to..

It's an April Fool, Iturama!

Not sure Paulo. This guy Paprocki is a regular reviewer on the PSP. Date is ominous but the guy was pushing the PSP before.
MT
Bought two lots of 300k this morning.

..praps someone can ask Sony? Dangerous article to write even though it is filed in satire and humour..

Paulo, You could be right. Dangerous game to play, but that is the internet for you.

Iturama and all, check out this site, a few more April Fool anecdotes like "USB fondue heater" and Google's new energy drink.
http://hardware.gamespot.com/

iturama - I am suprised at you (LOL). All you had to do was read some of the comments following the posting on Blogcritics (re Sony drop PSP support). The guy who actually wrote this article as an April Fools joke actually admits to it (8th comment down). But still a lot of other people on that thread show geuine conern.