News For THQI From The Last 14 Days Check below for free stories on THQI the last two weeks.
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February 3, 2012
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| 13:32 EDT |  | THQI |
| | 07:57 EDT |  | THQI |
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February 2, 2012
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| 17:43 EDT | | THQI |
| | 16:35 EDT | | THQI |
| theflyonthewall.com: | THQ Inc. to exit development of kids licensed console games | | THQ announced recently that it is exiting development of traditional kids' licensed console games. The company has concluded negotiations with two licensors and is negotiating arrangements with two others. The company is also substantially eliminating its ongoing financial commitment with developers as it exits this business. Additionally, THQ has no future commitments or plans to manufacture uDraw hardware. THQ's strategy is to focus on its premium core and fighting franchises and to expand its digital revenues. As part of this business realignment, the company is implementing initiatives to streamline its organization and cost structure. The company currently expects these actions will result in a reduction in its annualized run rate of selling, general and administrative expenses of approximately $60M, and a reduction of its annualized product development expenditures of approximately $100M, primarily due to its exit from the kids' licensed console games category. Total charges related to these actions are estimated at approximately $11M, of which $2.5M are non-cash. The majority of these charges are expected to be recorded by the end of the 2012 fiscal year and will be excluded from the company's non-GAAP results. :theflyonthewall.com |
| | 16:33 EDT | | THQI |
| | 16:32 EDT |  | THQI |
| theflyonthewall.com: | THQ Inc. reports Q3 adjusted EPS 35c vs. consensus 65c | | Reports Q3 revenue $305.4M vs. consensus $417.62M. :theflyonthewall.com |
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January 31, 2012
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| 08:51 EDT | | THQI |
| theflyonthewall.com: | THQ Inc. missteps could put its viability in question, says Brean Murray | | Brean Murray said THQ's weaker than expected sales of uDraw could put the company's viability in question. The firm believes if the company is able to survive it would be at the expense of a dilutive offering. Brean Murray maintains its Hold rating on THQ Inc and recommends remaining on the sidelines. Price target is 70c. :theflyonthewall.com |
| | 06:50 EDT | | THQI |
| theflyonthewall.com: | THQ Inc. receives Nasdaq notification of non-compliance | | On January 25, THQ Inc. received a written notification from Nasdaq notifying the Company that it fails to comply with Nasdaq's Marketplace Rule 5450(a)(1) because the bid price for the Company's common stock, over the last 30 consecutive business days, has closed below the minimum $1.00 per share requirement for continued listing. The notification has no immediate effect on the listing of the Company's common stock. The Company has a period of 180 calendar days, or until July 23, to regain compliance with the Rule. The Company will continue to monitor the bid price for its common stock and consider various options available to it if its common stock does not trade at a level that is likely to regain compliance. :theflyonthewall.com |
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