Monday, October 22, 2007

THQ Lowers Outlook to $0.80 from $1.34 to $1.44

It looks like some games are getting trampled in the Halo3 related buzz.
The latest editions of "Juiced" and "Stuntman" did not meet THQ's
expectations, the company said, and it needs more time to improve these games.
Also, the company said it had to book a higher reserve for "price protection,"
or the cost of reimbursing customers when the price of a game falls.

They also delayed Destroy All Humans, Path of the Furon, Frontlines, Fuel of War and de Blob. The problems with THQ is that other then Destroy all Humans these games aren't front of mind like many other companies. They need to seriously develop or buy some new franchises.

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