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Technology Stocks : THQ,Inc. (THQI)
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To: vc21 who wrote (6235)6/20/1998 11:35:00 PM
From: Marc Newman   of 14266
 
Vic, are you kidding me? Everything I've heard is that THQ is just writing off the cash paid for GameFX this quarter. When THQ says, "We're writing it all off this quarter," they just mean that the cash expense (under a million bucks) is all going under Q2. Ie, not spread over two or more quarters. The rest will be amortized.

The analysts know this.

Now, we do have to add in new GameFX expenses. For instance, I'd imagine that the 15 new employees will be drawing $150,000 in salary over the past two months. Plus on going development costs, etc. And THQ likely has $500,000 in Quest marketing expenses this quarter. But GameFX is only going to blunt this quarter's results, not destroy it.

From everything I've heard anyway.

Marc
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