Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 03 July 2012 08:07

THQ side steps NASDAQ delisting

Written by David Stellmack



One for 10 reverse stock split to save the day


THQ continues to fight on almost every front for its very existence. The latest fight THQ has on its hands is to stop the NASDAQ stock exchange from delisting the company. Necessity is the mother of invention; and THQ has come out swinging with a one for 10 reverse stock split that it believes will raise the price of the stock to well over one dollar, which should keep the delisting wolf from getting in the door.

THQ has been fighting delisting for a time, and while it has slimmed down and put much in place to turn the company around, it is a long road back and it will be difficult. This reverse stock split is just the latest in a series of challenges that the company will have to tackle on the road back to profitability.

The next milestone looks to be the release of the Darkness II, which is coming in August, and it does appear to have a chance to turn around the fortunes of THQ. Early buzz is strong and pre-order numbers are said to be good. We will see when the game finally is released in August. In the meantime, THQ is also gearing up to deal with a class action suit over U-Draw. There is no word yet on how the company plans to deal with this challenge.


blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments