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THQIQ is defunct.
  • Jan. 8, 2013, 11:43 AM
    Bankrupt THQ (THQIQ.OB -32.9%) has received court approval to complete the sale of its assets through an auction on Jan. 22. P-E firm Clearlake Capital, which THQ agreed to sell its operating assets to for $60M, will make the opening bid. Speculators holding out hope for a higher offer seem to be selling on the news.
  • Dec. 19, 2012, 2:40 PM
    THQ (THQI -58.7%) has resumed trading following news of its bankruptcy filing: shares have plunged to a mere $0.57. The debt-laden company says Chap. 11 filing is accompanied by a deal to sell "substantially all" of its operating assets to P-E firm Clearlake Capital for a total consideration of $60M (includes a $10M note for THQ's creditors). THQ has also obtained $37.5M in debtor-in-possession financing from Clearlake and Wells Fargo.
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  • Dec. 19, 2012, 1:54 PM
    THQ (THQI -10.1%) is filing for bankruptcy protection. The video game developer's survival has been in doubt thanks to plunging sales, game delays, and heavy credit facility borrowings. Shares spiked lower to $1.22 before getting halted.
  • Dec. 5, 2012, 12:45 PM
    Midday top 10 gainers: MMR +82%. EBOD +69%. MBLX +32%. PXP +26%. UEPS +25%. MITK +23%. AVAV +16%. CYCC +15%. CIE +15%. PLAB +13%.
    Midday top 10 Losers: CHTP -36%. LORL -35%. TIBX -21%. MFRM -21%. ANIK -20%. SINO -19%. BLIN -18%. P -17%. THQI -17%. FIZZ -15%.
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  • Nov. 29, 2012, 12:45 PM
    Midday top 10 gainers: HGSH +48%. ACUR +46%. PBM +42%. BLOX +36%. OCZ +24%. THQI +23%. AXR +22%. CARV +21%. TELK +20%. OBCI +16%.
    Midday top 10 Losers: LQDT -17%. VRML -13%. ATEA -12%. LZB -11%. HITK -10%. KSS -9%. LAS -9%. BKS -9%. ABCD -8%. PIP -7%.
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  • Nov. 23, 2012, 12:45 PM
    Midday top 10 gainers: CCCL +42%. MAPP +21%. BGMD +21%. MCP +18%. INUV +16%. FIZZ +15%. ROSG +14%. DAC +13%. RIMM +13%. RIC +12%.
    Top 10 Losers: KITD -64%. PTGI -17%. SGOC -12%. HDSN -9%. TELK -9%. SAB -8%. HRT -8%. NFEC -8%. THQI -7%. RCON -7%.
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  • Nov. 16, 2012, 12:12 PM
    Activision (ATVI +4.8%) registers a big gain after announcing it sold over $500M worth of copies of Call of Duty: Black Ops II in its first 24 hours of availability. GameStop (GME +2.9%), which reported strong initial sales for the game earlier this week, is also rallying. The solid early reception for Black Ops II and Microsoft's Halo 4 are fueling hopes the console game industry will cap what has been an ugly year with a decent holiday season.
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  • Nov. 14, 2012, 9:56 AM
    Wells Fargo has declared a THQ (THQI -3%) credit facility to be in a state of default, the deeply troubled game developer disclosed in its FQ2 10-Q. Wells considers THQ's current borrowings under the facility greater than what the company can support in its current financial situation. In response, THQ has repaid $5.6M of the $21.1M that was borrowed through the facility, and has entered discussions with Wells regarding the matter.
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  • Nov. 8, 2012, 9:10 AM
    Premarket gainers: DUSA +38%. MTSL +28%. USAT +15%. WLL +11%. ITMN +11%. SD +9%. QCOM +9%. THQI +8%. EZCH +7%. ALU +6%. MWW +7%. TTM +6%. DF +5%.
    Losers: CPRX -56%. BCRX -34%. PANL -25%. SVNT -19%. SGEN -11%. MNST -10%. CNQR -9%. TNK -9%. NBG -8%. PSTI -8%. MAKO -7%. WINI -6%. AUI -5%.
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  • Nov. 7, 2012, 2:23 PM
    THQ (THQI -28%) continues to crater after withdrawing guidance, announcing game delays and a need for fresh capital, and generally putting its survival in doubt in the eyes of many. "The big question is, can it make it to next year?," MKM's Eric Handler asked recently. He noted THQ's cash balance has dropped by 50% since the beginning of FY13, and that it has already tapped $21M from its $50M credit line.
  • Nov. 6, 2012, 10:25 AM
    THQ (THQI -39.1%) is getting walloped following its FQ2 report. Though results beat (very low) estimates, the company suspended its FY13 guidance, delayed the release of South Park: The Stick of Truth to early FY14 from March '13, and stated it will need fresh capital to finance game development. THQ, which has $100M in convertible notes due Aug. '14, says it has engaged an advisory firm to help evaluate alternatives. With its market cap now standing at just $12.7M, it's safe to assume many doubt THQ's ability to avoid bankruptcy. (transcript)
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  • Sep. 25, 2012, 1:43 PM
    Game developers sell off following a report pay-TV providers are looking to offer console-quality cloud gaming services in 2013-2014. EA -3.5%. ATVI -2.3%. TTWO -1.4%. THQI -2.4%. If these services take off (a big if, given the challenges others have faced), they'd almost certainly rely on games from top developers. But there could also be more competition from social/casual games, and less favorable revenue splits.
  • Aug. 7, 2012, 10:54 AM
    THQ (THQI +9%) bounces following an FQ1 report that raises hopes the game developer might be able to survive by focusing on a handful of franchises. During its earnings call, THQ guided for FQ2 revenue of $75M-$85M and EPS of -$3.50 to -$4.50 - worse than a consensus of $98M and -$2.04, and blamed on product timings. But FY13 guidance - revenue of $390M-$410M and EPS of -$2.80 to -$4.30 vs. a consensus of $433M and -$3.05 - is probably better than many feared.
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  • May 29, 2012, 11:36 AM
    Beaten-down THQ (THQI -3.9%) isn't getting any relief from a 14-A in which it discloses plans to avoid NASDAQ de-listing by carrying out a reverse stock split with a ratio anywhere from 1:3 to 1:10. THQ, in the midst of restructuring efforts it hopes will keep it afloat, was hammered last week following its FQ4 report.
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  • May 16, 2012, 10:48 AM
    Hard-luck THQ (THQI -10.1%) plunges yet again following its FQ4 report. Though results beat estimates, fears continue to grow that the game developer no longer has the scale to compete with larger rivals, following recent missteps. A sub-$1 stock price is also leading to worries THQ will be de-listed. The company is hoping upcoming releases for its Darksiders, WWE, and Saints Row franchises will help drive a turnaround.
  • May 15, 2012, 6:35 PM
    More on THQ (THQI): FQ4 beats estimates. Net losses widened however as the maker of videogames and accessories continues to try to turn itself around following a disastrous dropoff in sales during the holiday shopping season. Shares -1.5% AH.
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Company Description
THQ is a leading worldwide developer and publisher of interactive entertainment software for all popular game systems, including: Home video game consoles such as Microsoft Xbox 360, Nintendo Wii, Sony PlayStation 3 and Sony PlayStation 2; Handheld platforms such as Nintendo DS, Sony PSP and... More