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Game Details
Saints Row 2
Available on :
Pc
Xbox 360
Playstation 3
Xbox 360
Playstation 3
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Genre :
Third Person Action Game
Description
Developed by THQ’s critically acclaimed internal studio Volition, Inc. using their proprietary open-world engine, Saints Row 2 will offer vastly expanded customization options, a totally transformed and expanded city of Stilwater, all new ...
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03-31-09 New DLC for Saints Row 2
03-04-09 THQ lays off Volition employees
11-07-08 THQ has a new business plan
10-07-08 THQ's management gets shaken up
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News
THQ to go bankrupt?
Posted on Monday, 2 March 2009 by Speed, source: LA Business
At least one analyst believes there's a 50% chance that THQ will go bankrupt pretty soon. Yea, we all know how much we can trust "analysts" these days but they're always fun to write about.
Anyway, Janco Partners' Michael Hickey believes there's a good possibility that despite the huge efforts that are being made to keep the company afloat (massive layoffs and cost-cutting exercises) THQ won't stay afloat for much longer:
Anyway, Janco Partners' Michael Hickey believes there's a good possibility that despite the huge efforts that are being made to keep the company afloat (massive layoffs and cost-cutting exercises) THQ won't stay afloat for much longer:
“You have mediocre product and you’re running out of cash,” said Michael Hickey, an analyst with Janco Partners Inc. in Denver, who put the odds of THQ going bankrupt at 50-50. “Not the situation they want to be in right now.”
THQ CEO Brian Farrell of course denies that a bankruptcy is looming:“I know that makes for good print and sells newspapers, but those aren’t the kind of things we focus on right now,” Farrell told the Business Journal. “When the stock price is depressed, the naysayers can have their day in the sunshine. But we have a plan that we’re very confident will give us cash and return the company to profitability.”
THQ might also be a good target for a takeover but their ton of licenses that are uncertain to become big hits make that scenario uncertain. Michael Hickey decided to put it in other words:“You want a strong basket of original properties that are of high quality, that’s what acquirers are looking for,” Hickey said. “Otherwise you have Midway.”
You gotta give the guy some credit for at least being original :)In other news:
2 Comment(s)
NINJAFISH
Sounds to me like hes playing with the stock market.
When an "industry analyst" says that theres a 50% chance a company is going to go bankrupt their stock will plummet whether or not its true and all it really does is bring on bankruptcy faster or create it if it wasn't already there.
Anonymous