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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (11063)	6/20/1999 9:33:00 PM
From: Kory	Respond to of 14266

I don't call any short term return irrelevant. There are obviously people that do very well using that strategy and will exceed any return that I ever make. And a return is a return, whether it is made short term or long term. And my return this year in THQ is negative, even with purchasing some THQ at lower prices than today. I simply tire of all the complaining and rejoicing about stock returns on a very short time frame, as well as all the calls for THQ to do something about the stock price. Anything can happen in the short run to affect stock prices positively or negatively. These can be real business effects, or can be perceptions by the market. Obviously the difference between the two is often times subjective. I worry about the real business effects - that is the licenses that THQ has, their business model, the rate of their sales, status of the balance sheet, acquisitions that they make, products that they sell, competitors offerings, management of the company, and business environments that they operate in. I quoted 10 years because only in the long term do any perceptions turn into reality. AOL, AMZN and the like can be traded to be worth billions today only because there are people who perceive that the companies will generate profits and cash flow to justify that price over time. In 10-20 years, either that perception will become reality, or it won't. Same with THQ. I simply think that THQ has a better chance of being a long term business success than AOL or AMZN. And even if AOL and AMZN become more successful, I find it hard to imagine them having enough success to justify their value even today. I could be wrong, AOL may move on to be the largest corporation in the world and THQ could go bankrupt. But that is the real test of investment, whether or not the companies you invest in succeed - not whether there stock price goes up or down in the short term. So that may be self-serving logic given a short term decrease in the market price of THQ, but I think it is the correct logic. You're entitled to your opinion. Kory