More on Majesco: Sales weakness is once more blamed on soft demand for Wii titles, including the...


More on Majesco: Sales weakness is once more blamed on soft demand for Wii titles, including the Zumba Fitness franchise. FY13 (ends in October) revenue is expected to be "significantly below" FY12 levels; no guidance is given beyond that. The Street is already expecting a 41% drop. Opex fell 41% Y/Y thanks to restructuring moves. COOL -20.8% AH to $0.57. The company's market cap now stands at just $23M, below its quarter-ending cash balance of $26.7M. Are we looking at another THQ? (PR)

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  • Ashraf Eassa
    , contributor
    Comments (9713) | Send Message
     
    VELT, COOL...all bankruptcy candidates.
    12 Mar 2013, 05:22 PM Reply Like
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