The good news is THQ's FY09 appears to be essentially intact. All of the key potential multi-million unit sellers for FY09 appear to be on schedule.

We feel that management is positioning the company for long term success as it focuses on successful titles. The amortization charges, title cancellations, and studio closings, while expected to affect the company in the near term, are in-line with management's strategy of more rigorous product review procedures, personnel and product changes, and its review of existing titles to maintain long term product quality.