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REPORT - Majesco stock closes day at under $1

Majesco closed the trading day at $0.75/share, down 29 percent from yesterday. The publisher now has 30 days to bring its stock price above a dollar before it receives a delisting notice from the NASDAQ stock exchange. Stocks valued at under a dollar are against the NASDAQ rules.

Full report here

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5 total comments (View all)
User avatar
15 Jan 2013 20:51

The way things are going, there may only be about 6 companies left in about 5 years. Nintendo, Sony, Microsoft, EA, Activision and Capcom. I can't really see any others surviving this downtrend as core video games are no longer in the 2008 boom.
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15 Jan 2013 21:24

@XCWarrior
What about Square Enix and others? 5 years seems awful fast to do away with so many.
User avatar
15 Jan 2013 21:52

XCWarrior wrote:The way things are going, there may only be about 6 companies left in about 5 years. Nintendo, Sony, Microsoft, EA, Activision and Capcom. I can't really see any others surviving this downtrend as core video games are no longer in the 2008 boom.


If your company doesn't have a hit franchise, you're in trouble. Majesco had Cooking Mama, but failed to capitalize on the brand with iOS and Facebook when the casual DS craze died down. Now all it has is Zumba and even that pales in comparison to Just Dance. To me it's the leading contender for next long-time publisher to die.
User avatar
15 Jan 2013 23:03

maybe we'll see the return of more smaller, privately owned videogame companies where obnoxious shareholders and sleazy CEO's don't call the shots. ones where the employees, CEO's, and owners all share equally in the profits and where giant egos aren't allowed to move companies away from the very things that made them successful in the first place.
No Avatar
16 Jan 2013 14:18

And yet gamers, developers, and publishers continue to push further and further into the loss leading business model.

...

Ashes! Ashes! We all fall down.

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