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

To: Sigmund who wrote (6130)	6/18/1998 2:51:00 PM
From: Todd D. Wiener	Respond to of 14266

GI review of IRC: gameinformer.com

To: Sigmund who wrote (6130)	6/18/1998 3:01:00 PM
From: Bleeker	Read Replies (1) \| Respond to of 14266

Like Wade said I can live with a stock that has a P/E of 14. As we get closer to Q3 and Q4, THQI should command a P/E closer to the industry average: perhaps 20-22. THQI has yet to explode and the market makers know it if the short sellers don't. With the exception of THQI and the industry leader, Electronic Arts, the other companies in the sector have entered a seasonally weak period. So THQI should be awarded a higher multiple than the industry average if it bucks the trend again. The Dim Sum conference call is in the third week of July. By the way Sig, I think the reporting on $/yen and Japan has been very weak. No one mentions that on a trade-weighted basis, Japan is less important to the U.S. than our biggest trade partners Canada and Mexico. No one mentions that overall trade accounts only for 11% of GDP anyway. Rubin's move to sell dollars was super smart. He probably looked at the Big Mac Index and purchasing power parity in both countries. The fact is Big Macs are now more expensive in New York than in Tokyo. To me that is a strong indication that maybe the yen is undervalued by historic standards. I'm not as sure about the Manta Dim Sum index but does anyone know of a Japan fund that is unhedged against currency swings? Bleeker