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Technology Stocks : THQ,Inc. (THQI)
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To: CuttotheCore who wrote (7107)7/23/1998 8:54:00 AM
From: Kory  Read Replies (1) of 14266
 
Apparently they wrote off almost the entire cost of the GameFX acquisition.

No big deal - really all it does is increase the Additional Paid in Capital account and decrease the Retained Earnings (both components of Shareholders Equity). Problem is that you have to run it through the P&L to get it to the Retained Earnings line. Probably makes sense to get rid of it now, rather than have to explain a portion of it for the next XX years.

Still looking at the rest of the report.
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