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Technology Stocks : THQ,Inc. (THQI)
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To: Marc Newman who wrote (9327)1/14/1999 3:52:00 AM
From: Kory  Read Replies (2) of 14266
 
Marc,

THQ will have used a estimated tax rate through the first 9 months of the year, already taking into consideration what they feel their overall tax rate for the year will be (i.e. including the effect of the NOL).

Companies try not to front load or back load the use of tax deferred items during the year. The goal is to use the average rate for the year in each quarter. Even so, variance from quarter to quarter occurs as earnings change and deferred assets change.

As of the end of the 3rd quarter, THQ had booked a YTD rate of 31.2%. They booked at a rate of 34% in the third quarter by itself. My guess is that the 4th quarter will be slightly higher than the third, with 36%-38% likely as earnings have probably exceeded THQ's expectation from when they calculated the average rate for the year.

So I doubt there will be any boost from the NOL. As for interest income - I think you are right. Could easily be an additional 3 to 5 cents a share for this.

From the world of wrestling: WCW will open a theme restaurant called the WCW Nitro Grill in the Excalibur hotel in Las Vegas in the spring this year. Also, both the WWF and WCW are rumored to be working on deals with network TV to bring wrestling back, probably in the form of prime-time specials. WCW is rumored to be talking to NBC and the WWF to Fox. Wrestling popularity goes on and on and on......

Kory
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