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Technology Stocks : THQ,Inc. (THQI)
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To: Sigmund who wrote (6238)6/21/1998 12:03:00 AM
From: Kory  Read Replies (2) of 14266
 
The million dollar charge sounds plausible to me, although the R&D angle (as done by Radica) would allow THQ to write off more or less.

Really, it matters very little because, other than the $600K cash paid plus combination expenses, the rest is simply share dilution.

We will have 250,000 extra shares this quarter to spread earnings out over. The $6.5 million value placed on those shares (250K shares X ~$26 per share on the sale date) is an item that can either be left in the balance sheet (assets, goodwill) or run through the P&L as a non-cash charge.

Let's just hope that GameFX was worth giving 4% of the company up.
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