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Stock Market & Financial Investment News

News Breaks
January 15, 2013
15:00 EDTCOOLMajesco downgraded to Neutral from Buy at Sidoti
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September 15, 2014
16:34 EDTCOOLMajesco reports Q3 EPS (58c), consensus (42c)
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16:32 EDTCOOLMajesco retains advisor to assist in evaluating strategic alternatives
CEO Jesse Sutton said, "However, the market for casual game software for the Nintendo Wii and DS gaming systems, from which we have historically derived the majority of our revenue, remains weak and, as a result, our revenues have not been adequate to cover our operating expenses which has had a negative impact on our working capital. We are continuing to explore and implement initiatives to reduce our operating expenses, diversify our business into new categories, and evaluate possible strategic alternatives in an effort to maximize company value." The Board of Directors has retained Bond Lane Partners to act as its financial advisor to assist in evaluating strategic alternatives to maximize company value. Strategic alternatives the company may pursue may include, but are not limited to, a merger, joint venture, strategic investment, asset divestitures, or similar transactions, as well as continuing to operate the business in the ordinary course. There can be no assurance that the exploration of such strategic alternatives will result in any transaction. The company does not currently intend to disclose further development with respect to this process unless and until the Board approves a specific transaction or otherwise concludes its review of strategic alternatives.
15:12 EDTCOOLNotable companies reporting after market close
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