Majesco Entertainment, the maker of Shrek, Shrek 2 and Shark Tales video games for Nintendo's Game Boy Advance Video players, said Wednesday that it has failed to comply with a Nasdaq rule that could get its shares delisted. The rule requires listed companies to show a minimum of $2.5 million in stockholders' equity ($35 million in market value) of listed securities, or of net income from continuing operations, for two of the three latest fiscal years. Majesco shares Wednesday closed up 7.6% at $1.28 -- well down from their 52-week high of $11.94 -- and fell after-hours following the announcement.
- 3/23/2006
- The Hollywood Reporter - Movie News
Clear Channel Communications on Wednesday became the latest media firm to authorize additional share repurchases in the face of stagnant stock prices ... June retail sales of video games came in at $380 million, representing a 50% increase from the previous month and an improvement over the same month a year ago ... Buoyed by the success of Spider-Man and Shrek video games, Activision on Wednesday posted a fiscal first-quarter profit of $12 million, or 8 cents per share, an improvement on its year-earlier profit of $4.2 million, or 3 cents per share.
- 7/22/2004
- The Hollywood Reporter - Movie News
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