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THQ threatened with Nasdaq delisting

Tue 31 Jan 2012 11:58am GMT / 6:58am EST / 3:58am PST
BusinessPublishing

Struggling publisher has until July to raise stock price

Saints Row publisher THQ has been threatened with delisting from the Nasdaq stock exchange.

The company has until July 23 for bid price of its stock to rise above $1 per share for a minimum of 10 consecutive days. Stock is currently valued at 70 cent per share and has fallen over four years from a high of $36.

The struggling company said last week that it intends to focus on the core gaming audience and shelved future ambitions in the kids' market. Over the past two years it has canned numerous projects and cut staff significantly.

8 Comments

Rick Lopez
Illustrator, Graphic Designer

1,269 942 0.7
Well Udraw had to go, most mobile devices do the same thing, however Saints Row and darksiders have bright futures. I personally am gonna get Darksiders2 and all Saints Row the third DLC as it comes out. If they can churn out attractive high quality IP's like this then i dont think there boat has sunk.

Posted:2 years ago

#1

Max Priddy

64 12 0.2
Probably didn't help either that collab with the sci-fi channel (I refuse to call it "SyFy", and whoever came up with the name change is a moron) for the Red Faction TV film that ultimately sucked a crusty one, plus who actually bought uDraw? Hopefully they rebound in any case, UFC Undisputed 3's looking pretty great along with Darksiders 2 and whatever Volition comes out with next.

Speaking of Volition, unlikely it'll happen but I'd be ecstatic if they could get the full rights to and make Freespace 3

Posted:2 years ago

#2

Terence Gage
Freelance writer

1,288 120 0.1
I think Insane is due to be Volition's next game? Although I think that might still be a couple of years away.

As for Red Faction, I think the whole franchise has been... misdirected, I guess is the word I'm looking for. I loved RF1 (even though it felt heavily reminiscent of Half Life), but I really didn't like RF2. Guerilla was an unexpected direction for the franchise although it was a lot of fun, but Armageddon... it was like Volition was being spearheaded by a focus group determined to chase the latest craze (in this instance, Dead Space). I've always felt the series needed to have more direction, and stop flitting around between genres.

Anyway, I am looking forward to Darksiders 2 (playing #1 at the moment, and am surprised by how good it is, so the sequel's definitely on my radar), but there's not really a lot else in the short term from THQ which interests me, and I don't care for UFC or WWF. Hopefully they can make it through these difficult few months and start to get their finances and stock value back on track.

Posted:2 years ago

#3

Tim Carter
Designer - Writer - Producer

570 315 0.6
Ah, it's probably better.

Companies that are publically-traded are always impatient. They move too fast, have too much pressure to get product out the door. Because of that they make stupid decisions.

An example of a game company that *isn't* publically traded is Valve.

Posted:2 years ago

#4

Tyler Moore
Game Designer & Unity Developer

52 14 0.3
Even though THQ literally released a game called "Space Marine" (poke poke Tim) I've always loved most of their products. Can't be fun in a company that size during panic mode.

Posted:2 years ago

#5
THQ has a last gasp all eggs in one basket solution for their mega Montreal studio - for as long as the subsidies last.
In hind sight, such a situation would not bode well in UK, so maybe survival of the fittest and market forces might be a good thing (in the long run)

Posted:2 years ago

#6

Quincy Ward
Studying Computer Science

14 22 1.6
I just realized I haven't played a THQ game since WCW vs NWO and Road Rash 64. They played a big role in my N64 days. I would hate to see them go down. But why are they abandoning the kid's market? Isn't that what they do?

Posted:2 years ago

#7

Apoorva Sao
Compliance specialist

1 0 0.0
Sad to hear that!! I hope they pull through.

Posted:2 years ago

#8

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