SuperTaz Posted July 18, 2012 Share Posted July 18, 2012 http://finance.yahoo.com/news/shareholder-alert-law-firm-levi-215602261.html The complaint alleges that THQ and certain of its executive officers misrepresented or failed to disclose that: (a) the Company's uDraw GameTablet for Microsoft Xbox 360 and Sony PlayStation 3 was not being purchased by owners of those gaming systems; (B) because demand for uDraw was below internal expectations, the Company would have to take back, or provide price protection, on hundreds of thousands of units that it had sold; and © as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects. Quote Link to comment Share on other sites More sharing options...
Crotan Posted July 18, 2012 Share Posted July 18, 2012 (edited) wow and here I thought EA stock had gotten bad, while they recovered a little bit, any company that has had it's stock drop to $0.53 per share, doesn't sound to be doing too hot. Their foray back into the FPS sphere was kinda lackluster, Homefront was largely a flop, but I'm hoping they turn around with the genre that made them famous. The next Company of Heroes should be good. I still remember, Company of Heroes being at the forfront of games pushing DX10. Next year you're in a good spot if you're a RTS fan, Company of Heroes II by THQ and Command and Conquer: Generals II by EA. Both on some beautiful game engines. that's got to be a typo in the yahoo article, Think it should be $5.30 a share? If THQ stock really dropped to $0.53 back in Feb, i would of expected them to be defunct. Edited July 18, 2012 by Crotan Quote Link to comment Share on other sites More sharing options...
HSMagnet Posted July 18, 2012 Share Posted July 18, 2012 The loss of that income has hit the company's stock hard. It's been under the $1 mark since December 8, 2011 (which led to the delisting warning) — and hasn't seen the the north side of $5 per share since March 2011. (Five years ago, shares were trading in the $34 range.) Published: Thursday, 2 Feb 2012 | 1:35 PM ET http://www.cnbc.com/id/46238867?__source=yahoo|headline|quote|text|&par=yahoo Quote Link to comment Share on other sites More sharing options...
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