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Funcom stock price could 'double or triple' depending on success of The Secret World
Funcom has a lot riding on The Secret World, and a new piece at MCV outlines stock prospects for the company as the horror-conspiracy MMORPG's June 19th launch date draws nearer. Funcom stock has risen dramatically on the Norwegian Stock Exchange since last summer, and analysts expect further growth leading up to The Secret World's release. After that, though, the predictions aren't as clear given the significant fluctuations in Funcom's stock price since its 2005 introduction. MCV notes that shares peaked with 2008's Age of Conan release, but prices dropped significantly soon after as the game "didn't make the expected sales impact." Nonetheless, analysts are enthusiastic about prospects for post-Secret World performance. "Funcom is one of the stocks that could double or triple in value. If Funcom's next game is a success, they will definitely end up as the stock of the year," Carnegie's Espen Torgersen says.
Funcom tops Oslo stock exchange, invests heavily in The Secret World
Funcom's future is looking pretty bright according to a report at Views and News from Norway. The site says the development firm behind Anarchy Online, Age of Conan, and The Secret World topped the Oslo stock exchange last year and saw its share price rise by 227%. AoC has "sold well and still generates income for Funcom," says the report, but the real cause for optimism is the positive buzz surrounding The Secret World. Funcom head honcho Trond Arne Aas says that the firm has received "very good feedback" from both testers and journalists, and it's a good thing since the company absorbed a third quarter loss despite its share price increase. "We're investing heavily in The Secret World now, therefore the loss," Aas explained. "But we're hoping for major income after the launch in April."
Bullish on Apple?
Alyce Lomax, blogging over at the Motley Fool, discusses her take on Apple's stock performance. Over the last five years, Apple has boomed -- up 715%. Lomax believes that Apple has not yet peaked. She sees growth opportunities in the Intel line of Macs along with the strong performance of the iPod. So should you buy Apple? We here at TUAW haven't a clue. But Lomax's article is an interesting read for those of you following the stock market. As for us, we tend to go with the whole monkey and dartboard method.
