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Technology Stocks : THQ,Inc. (THQI)

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To: leisuresports who wrote (7236)7/24/1998 4:16:00 PM
From: Quad Sevens  Read Replies (3) of 14266
 
From AOL Board (courtesy of Rev Shark). I was going to post the whole report, but decided to just give the gist (copyrights and all of that).

08:45am EDT 24-Jul-98 Gerard Klauer Mattison & Co. (McGowan, S. 212-885-4004)

THQ+ (THQI)--2Q EPS Exceed Our Forecast; Raising EPS Ests. and Target--BUY

Highlights: Price target of 45. Raising estimates by 5 cents for the year, but lowering 4th quarter estimates. The latter is what may have sent us down today.

Snippet: "The success of Quest 64 leads us to believe that THQI will post extremely
strong EPS growth in 1998 and that its strength will not be too highly
concentrated in one product line. We believe that establishment of a new
brand lends greater visibility to THQI's growth prospects. Our $45 price
target implies a P/E multiple of just over 18 times 1999 estimated EPS of
$2.44 (fully taxed), still below the company's projected growth rate of 20%
and the peer group average. We maintain our BUY rating."

Wade
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