News Bytes

Friday: Shares of THQI Fall to Lowest Point in Over 10 Years, DS sales in UK

News Bytes for Friday, February 6,2009…

• THQ - THQI shares fall over over 15% after announcement of Q3 financial results. THQ reported losses of almost $200 million during the Q3 financial report. Shares of THQI at one point hit a low of $2.45 which was the lowest it has been in over 10 years…
• DS sales in the UK nearing 9 million. To us, that number is minute. To them, astronomical…
• Konami looks into the crystal ball and sees revenue and profit for 2008. I’m not the least bit surprised…

News Bytes for Thursday, February 5, 2009.

• Although sales rose 13% for the quarter, Disney Interactive reported a $45 million loss
• THQ - THQI reported almost $200 million dollars in losses. THQ also reports they will fire 600 employees and will be less develop fewer titles.
• Get this: Michael Pachter,infamous video game company analyst, believes EA CEO John Riccitiello is the right man to lead Electronic Arts. Isn’t Mr. Riccitiello the man that is in charge of a company who just reported $600+ million in losses and fired 1200 employees but raked in around $1.5 million dollars in earnings for his hard work?
• Over a million Xbox Live users have downloaded Netflix.
• CAPCOM profits down 95% for the year

Tags: DS, ea, ERTS, KNM, Konami (KNM), michael pachter, thq, thqi