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

To: Todd D. Wiener who wrote (7204)	7/24/1998 3:14:00 AM
From: Jeff Bond	Respond to of 14266

Courtesy of NASD - National Association of Securities Dealers nasd.com We should know the short interest share count on 07/27/98 for THQI. Month Shares Short Avg Daily Volume Ratio* 06/98 1,236,160 244,874 5.05 05/98 1,062,227 298,379 3.56 04/98 807,868 421,989 1.91 03/98 593,315 822,463 0.72 02/98 178,286 121,378 1.47 01/98 198,961 161,836 1.23 12/97 170,810 175,006 0.98 11/97 83,194 256,947 0.38 10/97 21,328 179,273 0.12 09/97 15,988 93,050 0.17 08/97 11,033 106,491 0.10 07/97 2,158 115,318 0.02 How is short interest in Nasdaq stocks calculated? Short selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy. Short sellers assume the risk that they will be able to buy the stock at a more favorable price than the price at which they sold short. The Nasdaq Short Sale Rule prohibits NASD members from selling a Nasdaq National Market stock at or below the inside best bid when that price is lower than the previous inside best bid in that stock. To calculate short interest in Nasdaq stocks, NASD member firms are instructed to report to the NASDR TS-Customer Advocacy & Quality Management Department, on a monthly basis, their short positions, for all accounts, in shares, warrants, units, ADRs, and convertible preferreds resulting from short sales. Once the short position reports are received by the Product Deployment and Support Department, the short interest is then compiled for each Nasdaq security. Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The Product Deployment and Support area compiles the short interest data and provides it for publication on the 8th business day after the reporting settlement date. The monthly short interest information does include the adjustment for stock splits. The adjustment to the short interest for stocks that split on or before the reporting settlement date will automatically be reflected in the most current reporting period. However, for stock splits that occur after the settlement date, the adjustment will be reflected in the following reporting period. Publication Schedule for 1998 Trade Date Settlement Date Dissemination Date Publication Date 01/12/98 01/15/98 01/27/98 01/28/98 02/10/98 02/13/98 02/25/98 02/26/98 03/10/98 03/13/98 03/24/98 03/25/98 04/09/98 04/15/98 04/24/98 04/27/98 05/12/98 05/15/98 05/27/98 05/28/98 06/10/98 06/15/98 06/24/98 06/25/98 07/10/98 07/15/98 07/24/98 07/27/98 08/11/98 08/14/98 08/25/98 08/26/98 09/10/98 09/15/98 09/24/98 09/25/98 10/09/98 10/15/98 10/26/98 10/27/98 11/09/98 11/13/98 11/24/98 11/25/98 12/10/98 12/15/98 12/24/98 12/28/98 Trade Date: Date market makers report the number of shares they sold short. Dissemination Date: Date information is sent to wire services. Publication Date: Issues' short positions printed in newspapers. Regards, JB P.S. Who was it that used to talk about the wall of worry, was that Sigmund, or someone else? It looks like us longs got some company on the other side of the fence. Here in California we call them squatters :o)

To: Todd D. Wiener who wrote (7204)	7/24/1998 2:04:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 14266

There's another measure of inventory efficiency. It's calculated by dividing inventory by cost of sales and multiplied by 91 days. That's days of inventory (DOI). 365 divided by the DOI is equal to the number of annual turns. Unfortunately, this calculation doesn't work with THQ's numbers, perhaps because they reserved so much. I'd appreciate some help from the resident CPAs on this matter, since this measure of inventory efficiency is the one with which I'm more familiar. Todd