THQÂs financial woes continue following more than 240 more layoffs and a slicing of CEO Brian Farrell salary by about 50%. A report earlier this week put THQÂs stock at around $.70, prompting NASDAQ to threaten the publisher with delisting if they canÂt pull the stock up and maintain it above $1 for at least 30 days.
The financial problems have already prompted THQ to cut their lineup of child games and refocus on a new 17 game rescue plan. Despite that plan, the publisher is still in financial trouble and in a Gamasutra attended investorÂs conference call yesterday, THQ CEO Brian Farrell stated that the publisher is now seeking a partner to help release their upcoming MMOG, Warhammer 40k Dark Millennium Online.
"Because of the large financial commitment and associated risks, we are being realistic about our resources and we are actively seeking a partner for this compelling new MMO. We will keep you updated on our progress," Farrell told his investors.