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

To: Dave who wrote (7179)	7/23/1998 5:33:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 14266

SI is very slow today. I have already posted my conference call notes. I spoke with Deborah Lake afterwards. According to the release schedule, several titles have been either pushed out to 1999 or put on hold. It seems to me that some titles are in question, as to their release date (Speed Tribes, WCW Nitro 64, BASS Masters PSX, International Rally PSX, Penny Racers PSX). As a result of the shifting of release dates and potential for certain titles to be canned, THQ's (overly) conservative guidance on gross margins, higher than expected reserves, and higher than expected selling expenses, I'm revising my estimates downward. My old and new Q3 estimates are: Sales $49,250 EPS $0.66 Sales $35,050 EPS $0.41 Q4 estimates remain similar to my originals, because although several titles from Q3 moved to Q4, several Q4 titles moved to Q1. Old (before today) and new FY1998 estimates: Sales $204,830 EPS $3.10 Sales $189,700 EPS $2.70 I haven't finished my 1999 revisions. But 30% EPS growth seems quite possible. And 2000 looks promising, especially with the possibility of a Dreamcast and PC version of WWF and BASS (perhaps both developed by GameFX). My year-end target is still $55 (pre-split). Todd

To: Dave who wrote (7179)	7/23/1998 5:34:00 PM
From: Sigmund	Respond to of 14266

<<<< I got nervous and got stopped out at $32, <<<< That happened to me last quarter. I had a meeting to go to and put a stop in and yes it just went down to that point triggered my stop and immediately rebounded. So after the sterling earnings announcement I bought back in on the opening and that of course cost me 12 points down over a couple of weeks. Stops usually work against you. But not always. I put a stop in on MPRS which got triggered a couple of days ago and that saved me a bundle. They say that mental stops work the best, but who is that disciplined? I think everyone will get a second chance both longs and shorts over the next few weeks. I am looking to build up a larger position and holding for the next couple of years. To me almost all of the uncertainty in this stock has been taken out. The only issue I see now is MPRS and with MPRS tumbling today, I think that is no longer a major risk. Even if Farrell buys it, it would now be for a song, so I am not too worried. I think I will build this position gradually buying some soon and then buying more if there are dips. I would like to have an average cost under $30 so that is what I will be shooting for. But then again, I may just be too greedy. I still think the third quarter will be less than thrilling.