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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Technology
Thursday, July 10, 2008
THQ Inc. to Host E3 2008 Analyst Day
Comtex
AGOURA HILLS, Calif., Jul 10, 2008 (BUSINESS WIRE) ----THQ Inc. (NASDAQ:THQI) today announced that THQ's executive team will make a presentation to the investment community in connection with the 2008 Electronic Entertainment Expo. The presentation is scheduled for 5:00 pm (Pacific Daylight Time) on Tuesday, July 15, 2008.
The presentation will be open to all interested investors through a live audio Web broadcast via the Internet on the Investor Relations Event Calendar page of THQ's website located at http://investor.thq.com. An archived replay will also be available on the company's website approximately 24 hours following the live broadcast.
THQ Inc. (NASDAQ:THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ and THQ Wireless and their respective logos are trademarks and/or registered trademarks of THQ Inc.
SOURCE: THQ Inc.
THQ/Investor Relations Julie MacMedan, 818-871-5125
Copyright Business Wire 2008
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