informa
1 min read
News

One Week And Counting: Take-Two Trading Remains Halted

The trading halt in Take-Two's shares issued one week ago today by NASDAQ continues on, with no hint as to when the company will announce its Q4 and 2001 earnings.
The company has not issued any statements since it postponed reporting its Q4 and fiscal year 2001 results on January 22, leading to speculation among investors and analysts about the cause of the delay. The company said it was also "continuing to evaluate the range of restated financial statements previously announced for its fiscal year ended October 31, 2000", and that "certain of its previously announced estimates will have positive adjustments and others will have negative adjustments." In light of the recent Enron/Andersen accounting meltdown, many are wondering whether Take-Two and its auditor, PricewaterhouseCoopers LLP, are at loggerheads over what will be reported, whether sorting out the company's finances has necessitated the long delay, or whether both scenarios might be playing out behind closed doors at Take-Two. Take-Two shares continue to hold at $18.56.

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more