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

To: Marc Newman who wrote (8064)	9/23/1998 6:47:00 PM
From: OGM	Respond to of 14266

Here's the expanded version of the P-J report RESEARCH ALERT - Midway ,THQ <THQI.O > start September 23, 1998 1:24 PM EDT NEW YORK, Sept 23 (Reuters) - Piper Jaffray on Wednesday said analyst Robert Peterson initiated coverage of entertainment software makers Midway Games Inc. <MWY.N >. and THQ Inc <THQI.O >. with ratings of Strong Buy. In a research note, Peterson: -- set a 12 month price target of $26 on THQ shares. -- said THQ will grow revenues and earnings at a rate of more than 20 percent during the next three to five years. -- viewed the companies product offering for 1998 and 1999 as "solid." He estimates 1998 fiscal year earnings per share of $1.52, and 1999 EPS at $1.78. -- set a 12-month price target of $20 on Midway. -- also projected revenues and earnings growth rate of 20 percent for the next three to five years. -- estimates 1999 fiscal year earnings per share of $1.33, on revenues of $476 million. Shares of Midway Games rose 11/16 to 12-5/8 on Wednesday. Shares of THQ rose to 16-5/16, up 1-9/16.