MegaDrive20XX
Segatron Genesis... call me the wizard.
http://www.1up.com/do/newsStory?cId=3173046
Over the past few months THQ has had to deal with a number of cutbacks, from restructuring its wireless division to closing a number of internal studios, both of which contributed to the hundreds of layoffs the company has suffered. With a stock price that's been on a fairly steadily decline since late 2006, Janco Partners, Inc. analyst Michael Hickey believes the company is facing a 50-50 chance of going bankrupt.
"You have mediocre product and you're running out of cash," Hickey told the Los Angeles Business Journal, adding that it's "[n]ot the situation they want to be in right now."
THQ CEO Brian Farrell was dismissive on the subject of bankruptcy and claimed he isn't focused on that sort of thing. "When the stock price is depressed, the naysayers can have their day in the sunshine. But we have a plan that we're very confident will give us cash and return the company to profitability," he said.
Farrell may simply be trying to ease stockholders' worries as the company struggles to stay afloat. On the other hand, THQ did just release Dawn of War 2 and both WWE Legends of Wrestlemania and Company of Heroes: Tales of Valor are on the horizon, so maybe THQ really does have reason to not be worried.
Over the past few months THQ has had to deal with a number of cutbacks, from restructuring its wireless division to closing a number of internal studios, both of which contributed to the hundreds of layoffs the company has suffered. With a stock price that's been on a fairly steadily decline since late 2006, Janco Partners, Inc. analyst Michael Hickey believes the company is facing a 50-50 chance of going bankrupt.
"You have mediocre product and you're running out of cash," Hickey told the Los Angeles Business Journal, adding that it's "[n]ot the situation they want to be in right now."
THQ CEO Brian Farrell was dismissive on the subject of bankruptcy and claimed he isn't focused on that sort of thing. "When the stock price is depressed, the naysayers can have their day in the sunshine. But we have a plan that we're very confident will give us cash and return the company to profitability," he said.
Farrell may simply be trying to ease stockholders' worries as the company struggles to stay afloat. On the other hand, THQ did just release Dawn of War 2 and both WWE Legends of Wrestlemania and Company of Heroes: Tales of Valor are on the horizon, so maybe THQ really does have reason to not be worried.
