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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (9787)	1/28/2000 10:44:00 PM
From: Madharry	Respond to of 78476

My response is that the man is a shill for the short-sellers . You may find this article of interest: written by the shill about ROcker and Chianos. worth.com I believe the shorts originally went into this stock when THQI lost the WCF rights to wrestling video games which at the time constituted 70% of their revenues. Who would have believed that they could have made such wonderful lemonade after getting handed that lemon! After THQI developed such new fine products, had forged a 10 year licensing deal with WWF wrestling and came out with the wrestling hit of the year, toy story 2 , rugrats, and deals with MTV, then were added to the S&P midcap index the shorts were in a bind. So they have mounted a spectacular publicity campaign and have done really well. There is nothing wrong with capitalizing software expense over the life of an existing product. Accounting 101 says that you strive to match the timing of your expenses and your revenues. What the rest of industry does I do not know. There have been lots of channel checks done by the participants on the various threads and if the channel has been stuffed it is well hidden because the overwhelming number of checks indicate shortages of the most popular games. The comments he quotes about the reserves are ridiculous. You can review the actual numbers on the THQI thread #12869. He is very careful to state in his article that he is merely reporting comments of a short seller. I assume this lets him of the hook legally. I almost wish someone steps up and offers $60 bucks a share for this company so that the bad guys get what they deserve.