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

To: CENTrader who wrote (6956)	7/20/1998 6:00:00 PM
From: Joe Casey	Respond to of 14266

It's not beneficial for the stock if analysts are always wrong about earnings, even if earnings come in spectacular. It deters additional analyst coverage and as I said in a previous post, probably pisses them off. Message 5249007 It's much better for analysts to provide intelligent coverage which reasonably predicts earnings and growth of the company. THQ definitely needs to spend more time guiding its analysts rather than blowing projections away by better than 100%. That's ridiculous. Nonetheless, I'm confident the CC will be great and still looking for another firm to initiate coverage like Bear Stearns. I'm sure we can officially add Taurus Investments coverage after earnings, right Todd? :o)

To: CENTrader who wrote (6956)	7/20/1998 6:01:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 14266

I'm assuming that I haven't yet posted my own estimates to this thread, so here they are for Q2: Net sales $33,000 Cost and expenses: Cost of sales 14,511 Royalties* 7,250 Product development 975 Selling 2,950 General and administrative* 2,050 Total costs and expenses 27,736 Income (loss) from operations 5,264 Interest income (expense), net 225 Income (loss) before income taxes 5,489 Provision for income taxes 1,811 Net income (loss) $3,678 11.1% Net income (loss) per share - diluted $0.48 Weighted-average shares - diluted 7,700 *Royalties and G & A have been reclassified to include project abandonment and operating interest, respectively. In addition, THQ has changed their definition of G&A and Selling. As a result, some costs which were previously assigned to G&A are now being assigned to Selling. The overall change to SG&A is nil. Todd BTW, PC Data and NPD's TRSTS data are based on sell-through, not shipments, so THQ's large Q2 shipment of Quest will help to make it among the top titles in July (hopefully), but it will not be reflected in June's sell-through data.