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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (27714)	8/24/2000 6:31:17 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68364

Actually, I am just starting to kick the tires on some of the stocks in the group. It has been a long time since I have paid any attention to the group. A number of new platforms have been released and a number of new one are to come next year. This should spur sales for a number of Q's. Technically, ATVI, THQI and ERTS looks like they are approaching resistance levels. ******************** Here is some research from briefing.com 16-Aug-00 15:00 -- 16:00 ET THQ Inc (THQI) 17 15/32 +15/32: Wedbush Morgan resumes BUY rating and price target of $25; says strong revenue and earnings growth through next console cycle will drive share price appreciation; likes company's strong pipeline of titles that will drive growth and diversify company's revenue base. 21-Jul-00 10:00 -- 11:00 ET THQ Inc (THQI) 15 1/4 -1/8: Banc of America Securities upgrades to BUY from MARKET PERFORM rating and price target of $18; with strong licenses and strength in execution, believe computer gaming company is well-positioned to prosper during the upcoming videogame industry growth stimulated by this fall's North American launch of PlayStation 2. Seasonal Buys The holiday selling season is rapidly approaching, as evidenced by recent uptick in eToys (ETYS) and positive price action in the interactive entertainment software stocks (e.g.THQI), a group that has historically performed well in the 2-3 months before Christmas. *********************************************** 10-Sep-99 Trader's Edge: Activision (ATVI) ...15 3/4 Activision (ATVI) <http://www.bigcharts.com/custom/briefing-com/briefing.asp?sid=0&o_symb=atvi&freq=1&symb=atvi&time=8&uf=0&compidx=aaaaa%3A0> is a leading worldwide developer, publisher, and distributor of interactive entertainment and leisure products. The company maintains publishing and development operations in the U.S., Canada, the United Kingdom, France, Germany, Japan and Australia, and distribution subsidiaries in the United Kingdom, Germany, The Netherlands, and Belgium... YTD the stock is up 42%. Trading Points: Needless to say, shares of Activision have been quite active lately, surging 25% since August 4... ATVI's ascent driven by expectations that this Christmas season will be the best yet for the video game industry... Activision in a good position to capitalize on sales prospects with its strong slate of titles that includes Toy Story 2, Quake III Arena, Vigilante 8: Second Offense, Tony Hawk's Pro Skater, Tarzan, Cabela's Big Game Hunter II, and Space Invaders. Excitement over the debut of new consoles from Sega and Sony also acting as a positive influence on the stock...Yesterday, ATVI announced the release of Blue Stinger, the first and only action-adventure game to launch with the new Sega Dreamcast platform that went on sale at 12:01 am on Sept. 9... Sony Play Station 2 is due out next year. Activision taking steps to expand its product offering through the acquisitions of Expert Software and Elsinore Multimedia... Both companies helping ATVI to strengthen its position in the rapidly growing mass market segment of the PC software business. In its latest earnings report, ATVI reported total net revenues of $84.1 mln, a 37% increase over its fiscal first quarter last year... Of that total, sales of console games accounted for 59% of revenues while sales of PC software accounted for the remaining 41%... Company's good product mix combined with its geographic diversification (international sales accounted for 59% of total revenues while 41% of revenues were derived in the U.S) provide an added advantage for the company. While not the cheapest stock in its peer group, ATVI trades at a relatively attractive 18.8x est. FY00 earnings... Its 5-yr projected growth rate of 27.9% resulting in an est. PEG of 0.67.... In June, company obtained a new $125 mln credit facility as a means to help drive its growth strategy. Current recommendations on the street include 5 Strong Buys, 2 Moderate Buys, and 1 Hold. ATVI, like most of its counterparts, has enjoyed a nice run lately and is just shy of its 52-week high... While some backing and filling may take place over the near-term, Briefing.com inclined to view dips as a (re)entry oportunity given the appeal of ATVI's diverse product line, solid growth prospects, and relatively attractive valuations... Initial support at 14 with key support found at 13... Briefing.com 12-month target is 20. Company Current Price 52-week High 52-Week Low est. P/E Projected 5-yr Growth Rate Activision (ATVI) 15 3/4 15 7/8 8 3/4 18.8x 27.9% Midway Games (MWY) 16 16 1/4 7 5/8 14.5x 19.2% Electronic Art (ERTS) 75 3/16 75 9/16 33 1/4 34.8x 24.0% Eidos PLC (EIDSY) 62 5/8 62 1/4 9 1/4 33.4x 20.0% Acclaim Entertainment (AKLM) 7 11/16 13 5 14.0x 16.4% THQ, Inc. (THQI) 31 15/16 34 1/2 9 1/2 13.3x 21.2% ******************************** Link to consumer game magazine: gamingplanet.com Link to games developer magazine: Article on games hardware/software: dfcint.com cmpgame.com