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THQ Raises Q4 Outlook

socalTECH

Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million. READ MORE>>.

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Rumors Swirl Around THQ

socalTECH

Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business. READ MORE>>.

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THQ Plans Reverse Stock Split

socalTECH

Battered videogame developer THQ , which has been suffering from a downturn in its business, said today that it is planning a 1-for-10 reverse stock split, in order to raise its per share trading price so that it will regain compliance with a $1.00 per share, minimum bid price required by the NASDAQ Global Select Market. READ MORE>>.

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THQ Details Buyers, Numbers After Fire Sale

socalTECH

Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. Vigil Games and a number of other properties remain with THQ in Chapter 11.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. Here's the rest. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? Here’s how to do it.

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THQ To Lay Off 600

socalTECH

Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market. READ MORE>>.

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THQ Chips 114 Employees, Refocuses Warhammer Efforts

socalTECH

Agoura Hills-based game developer THQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.

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