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Technology Stocks : THQ,Inc. (THQI)
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To: wolfdog2 who wrote (9942)2/26/1999 1:33:00 AM
From: Todd D. Wiener  Read Replies (2) of 14266
 
Well, I'll climb out on a limb and stick my neck out, etc. My aggressive, yet realistic estimates for 1999 are as follows:

Q199
Revenues
$94 million (94% growth)

EPS
$0.91 (60% growth)

FY99
Revenues
$394 million (83% growth)

EPS
$3.40 (70% growth)

The joint venture's contribution in 1999 will be .20 after tax. Rushware will account for about 10% of revenues.

Stock price target before year-end 1999:

$55

I'd like to correct a statement I made earlier. I said that I thought THQ could make over $1.50 per share from the JAKK joint venture in 2000. I was incorrect. That's pretax. The new figure is $1.00. But I still believe that THQ can make well over $4.00 in 2000.

These estimates may seem very high, but my original estimates for 1998 were very close, if you look at my posts a year or so ago. Of course, THQ still beat my numbers (which I subsequently lowered, and then THQ beat them by a wider margin--20% for Q4 1998). They may seem high, but I have a year of wiggle room, a year for THQ to fulfill my estimates.

Todd
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