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

To: Todd D. Wiener who wrote (10095)	3/2/1999 1:44:00 AM
From: Todd D. Wiener	Read Replies (3) \| Respond to of 14266

Based on today's action, I'm going to say that THQI has bottomed, and the reversal has begun. We still need to close a bit higher to confirm the bounce off the 200-day MA, but I think the downside has been achieved. The announcement today by Sony about the Playstation 2 is great for the whole industry. Among the PS2's characteristics, it will be backward-compatible with the PSX. By my account, this will all but eliminate the typical industry downturn that usually accompanies platform transitions. Regardless of the number of PS2 titles available at launch (perhaps as early as next March), there will be over 500 titles available for new owners of the PS2. This existing title library will make it easier for PS2 to sell itself. Once people realize this fact, the multiples on the gaming stocks should rise, since the fear of cyclicality will be reduced. gameinformer.com Todd Here's the clip about Cocoa Puffs & Rugrats: General Mills Milks Sony Relationship [3-1-99 9:45pm ET] General Mills and Sony have created a marketing partnership that will run from today until May 31st, which will offer $5 discounts on cereal boxes good toward five PlayStation games. Coupons on Cocoa Puffs, Cookie Crisp, Frosted Cheerios, Lucky Charms, Reese's Puffs and Trix boxes will be redeemable in stores until March 1, 2000, providing cost cuts on Crash Bandicoot: Warped, Gran Turismo, Rugrats: Search for Reptar, Spyro the Dragon and Tomba. According to General Mills, this promotion will appear on more than 20 million cereal boxes, with the Crash Bandicoot character gracing the box art. The company will also have a series of ten-second TV ads and web-site promotions at General Mills' kids site and Sony's PlayStation site.