BRIEFCASE HIKE IN THQ INC.'S PROFITS PREDICTED.Byline: - Staff and Wire Services CALABASAS - Video-game maker THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc.'s stock rose 11 percent Tuesday after a Wall Street analyst said the company is poised for a pickup in profits heading toward a crowded holiday market. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. based its call on a 41 percent surge in Calabasas-based THQ sales for May, and on one of the company's newest releases - movie tie-in ``Finding Nemo'' - which it said is off to a good start. ``There could be considerable upside to estimates for this year,'' wrote CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank analyst Heath Terry. The analyst raised his price target on the stock to $22 from $16.50. THQ's sales for the first two months of its fiscal first quarter ending June 30 rose 38 percent, Terry said. Analysts expect THQ to post a fiscal first-quarter loss of 11 cents a share on revenue of $78.5 million, and full-year earnings of 82 cents on revenue of $522.8 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Thomson First Call. Power: Hertz, Avis tops with renters WESTLAKE VILLAGE - The two largest rental car companies located at airports, Avis and Hertz, tied for the top spot in overall satisfaction in a customer satisfaction study released today by J.D. Power and Associates. National and Enterprise came in third and fourth, respectively, in the study measuring customer satisfaction among business and leisure consumers who rented a car at or near an airport. For the first time in eight years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time most influential factor affecting customer satisfaction was rental car rates and value, said Mike Taylor, senior director of travel services for Westlake Village-based J.D. Power and Associates. Microsoft files 15 suits to stop spam SEATTLE - Microsoft Corp. said Tuesday it has filed 15 lawsuits accusing the defendants of collectively flooding its systems and customers with more than 2 billion deceptive unsolicited e-mail messages. The lawsuits address some of the most misleading, deceptive and offensive spam e-mail received by Microsoft customers, the company said. The lawsuits accused the defendants of violating laws in Washington state and the United Kingdom. Microsoft cited Washington's strong anti-spam law, which allows Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. to take action against spammers. In London, Microsoft announced a regional anti-spam initiative that includes two lawsuits alleging the unlawful gathering of e-mail addresses and other practices that violate U.K. law. Coke rigged tests, takes write-down ATLANTA - Coca-Cola Co. admitted Tuesday that employees rigged a marketing test of Frozen Coke at Burger Kings three years ago and said it would take a $9 million write-down to account for some improperly valued equipment. It's part of a series of allegations in a whistleblower whis·tle·blow·er or whis·tle-blow·er or whistle blower n. One who reveals wrongdoing within an organization to the public or to those in positions of authority: "The Pentagon's most famous whistleblower is . . lawsuit now being investigated by the Securities and Exchange Commission. Miami-based Burger King said it was disappointed by Coke's actions in the test and is continuing its own probe. Burger King is one of Coke's largest customers. An auditing committee, investigating several allegations by a former Coke manager, also found that the company's fountain division had improperly valued some equipment. The company will take a $9 million pretax writedown pretax writedown An accounting reduction in the value of an asset, measured before any effect by income taxes. to correct the value. Cingular moves to end PUC (Public Utility Commission) A regulatory body in every state in the U.S. that governs public utilities within its jurisdiction such as electricity, gas, oil, sewer, water, transportation and telephone service. Some states call it the Public Service Commission (PSC). probe SAN FRANCISCO - Cingular Wireless, the nation's second-largest mobile-phone carrier, quietly began settlement talks Tuesday with California regulators to end their probe into whether Cingular misrepresented its coverage and then locked customers into long-term contracts, according to people familiar with the talks. Cingular, a joint venture of SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications and BellSouth with roughly 3.2 million customers in California, has long been interested in striking a settlement, first proposing talks even before the probe was made public. Cingular, the PUC and UCAN UCAN Utility Consumers' Action Network (California) UCAN Utah Communications Agency Network UCAN Uhlich Children's Advantage Network UCAN Ultra-wideband Concepts for Ad hoc Networks all declined to discuss details of the talks, which were scheduled to be held Tuesday and today at the PUC. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion