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Technology Stocks : THQ,Inc. (THQI)
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To: Marc Newman who wrote (12801)1/27/2000 9:23:00 AM
From: Apakhabar  Read Replies (2) of 14266
 
Greenberg in street.com locates the short vs long fight as centering on THQ's practice of expensing software development over the projected life of the game, as opposed to all at once. It's GAAP, but ERTS and others don't do this. The shorts (according to Greenberg) think that reserves coming down show bad accounting, while Gysi says that's a natural function of having previously raised reserves in anticipation of the WCW loss, and then lowering them when WWF was released on time and sold out. The shorts will be looking for a further reduction in reserves and a rise in capitalized expenses.

Perhaps somebody with a better understanding of accounting can discuss this. I think we're going to see some thrashing today. It's high noon!
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