Javascript Disabled Detected

You currently have javascript disabled. Several functions may not work. Please re-enable javascript to access full functionality.

Welcome to PBBans

Welcome to PBBans, like most online communities you must register to view or post in our community, but don't worry this is a simple free process that requires minimal information for you to signup. Be apart of PBBans by signing in or creating an account.

Start new topics and reply to others
Subscribe to topics and forums to get automatic updates
Get your own profile and make new friends
Customize your experience here

Guest Message by DevFuse

0

THQ Inc. Lawsuit

Started by SuperTaz, Jul 18 2012 12:46 AM

You cannot reply to this topic
Go to first unread post

2 replies to this topic

#1 SuperTaz

Normal User

Operations Staff
Reputation: 536
Has a brilliant future
7,760 posts

Gender:Male
Location:Pennsylvania
Steam:SuperTaz
XFire:Supertaz1

Posted Jul 18, 2012 - 12:46 AM

http://finance.yahoo.com/news/shareholder-alert-law-firm-levi-215602261.html

Quote

The complaint alleges that THQ and certain of its executive officers misrepresented or failed to disclose that: (a) the Company's uDraw GameTablet for Microsoft Xbox 360 and Sony PlayStation 3 was not being purchased by owners of those gaming systems; (

because demand for uDraw was below internal expectations, the Company would have to take back, or provide price protection, on hundreds of thousands of units that it had sold; and © as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

Back to top

#2 Crotan

Normal User

Streaming Admin
Reputation: 102
Has a spectacular aura
676 posts

Gender:Male

Posted Jul 18, 2012 - 01:32 AM

wow and here I thought EA stock had gotten bad, while they recovered a little bit, any company that has had it's stock drop to $0.53 per share, doesn't sound to be doing too hot.

Their foray back into the FPS sphere was kinda lackluster, Homefront was largely a flop, but I'm hoping they turn around with the genre that made them famous. The next Company of Heroes should be good. I still remember, Company of Heroes being at the forfront of games pushing DX10.

Next year you're in a good spot if you're a RTS fan, Company of Heroes II by THQ and Command and Conquer: Generals II by EA. Both on some beautiful game engines.

that's got to be a typo in the yahoo article, Think it should be $5.30 a share? If THQ stock really dropped to $0.53 back in Feb, i would of expected them to be defunct.

Edited by Crotan, Jul 18, 2012 - 01:38 AM.

Back to top

#3 HSMagnet

Mr. Sunshine

Operations Staff
Reputation: 400
Name is well known
8,222 posts

Gender:Male
Location:Georgia
Steam:HSMagnet
XFire:thehsmagnet

Posted Jul 18, 2012 - 06:39 AM

Quote

The loss of that income has hit the company's stock hard. It's been under the $1 mark since December 8, 2011 (which led to the delisting warning) — and hasn't seen the the north side of $5 per share since March 2011. (Five years ago, shares were trading in the $34 range.)

Back to top

Back to Off Topic · Next Unread Topic →

1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users