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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (3801)	3/11/1998 11:18:00 AM
From: RealMuLan	Read Replies (1) of 14266

From Briefing.com: 10:35 ET ****** THQ INC (THQI) 25 1/4 -7 3/16. Stock is being crushed by news that the entertainment software company is losing the rights to sell its most popular product. Investors in this stock have been aware for some time that THQ's license to sell WCW World Championship Wrestling related products would expire in December and that the WCW has been engaged in talks with other parties regarding the licensing of the name. However, very few expected a decision to come so quickly. As a result, many investors have been absolutely blind-sided by this news. According to the company, it has the right to continue to sell products on hand and in process at that date through June 29, 1999. In 1997, THQ derived 39% of its revenues from sales of products based on its license with WCW World Championship Wrestling.

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