by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
THQ shares are posting a fat gain today after the videogame company announced that it has completed a previously announced cost-reduction plan designed to chop its annual spending by $220 million.
THQ CEO Brian Farrell said in a statement that the company’s goal is to return to profitability and generate positive cash flow in the March 2010 fiscal year, and to position the company for long-term sustainable growth.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Goldman Sachs is a little bit in love with Research In Motion this morning. “…we want to take advantage of the stock’s very compelling valuation and upcoming catalysts, including the Storm launch and fiscal Q3 (November) earnings,” according to the firm’s Simona Jankowski. She believes that the launch of both the Bold and the Storm in the same quarter can reduce the risk to RIM’s numbers. Also, sales of the Bold are “off to a good start.”
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