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Technology Stocks : THQ,Inc. (THQI)

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To: leisuresports who wrote (6685)7/8/1998 10:43:00 AM
From: Bleeker  Read Replies (1) of 14266
 
The Game FX charge could be 70-85 cents a share, according to a June 3
report by Monness, Crespi, Hardt & co. Like DKB they also expect a one
time R&D charge of $5.5-6.5 million. So it's a bit puzzling why there
is a difference of 20-35 cents between the two estimates. DKB's track
record with THQ is much longer than Monness, Crespi, which is a small
NY brokerage boutique. The analyst who wrote the report is Edward
Williams. My after charge EPS was too optimistic obviously but the key
is for investors to digest the magnitude of the charge before earnings
rather than on earnings day hopefully. (I recognize that this is a one
time affair and that Game FX will add to earnings next year. But what
about the market?)

Bleeker
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