THQ stock option investigation over
Today seems to be a good day for video game publishers. First, Activision cleared up its stock option problems. Now THQ (THQI), the other video game company that had some 10-Q problems, is also out in the clear.
Much to the relief of investors and THQ, the investigation into THQ's stock option plans was completed; happily for everyone, no fraud was found. The only inconsistency involved in an increase of $11 million in after-tax expenses.
THQ is in the same situation as Activision. Both had stock option problems, both had that monkey pulled from their back and both are expected to have a good 2007. Their insistence on heavy Wii support is the reason. Let's hope we get some more good publisher news to add to these two.
Reader Comments (Page 1 of 1)
Danny @ Jan 9th 2007 2:23PM
I wish this glowing Wii support had been there a year ago, when publishers were assuming PS3 was going to reign supreme...
Brad Mecoli @ Jan 9th 2007 10:05PM
booo, I was hoping THQ and the shitty games it publishes/develops would die.
tis a sad day in the gaming world... ;/
Sparky @ Jan 11th 2007 3:51PM
Shitty games? Like Company of Heroes, Titan Quest, Destroy All Humans, WWE?