Wed, Feb 02, 2011 | 21:18 GMT
Majesco re-enlists with US Stock Exchange
Serious Sam and Cooking Mama publisher Majesco has pulled itself out of a recent fit of stock doldrums and rejoined the glowing ranks of the NASDAQ.
According to Industry Gamers, as of January 28, Majesco had topped the $1 mark for ten days running, meeting minimum requirements for NASDAQ listing.
In early 2010, Majesco’s stock price fell below one dollar per share for thirty consecutive days, barring the publisher from listing on the US stock exchange.
Majesco was founded in 1986 and survived for 25 years on niche re-publications; reissues of Sega hardware; and the thriving portable and casual software market. Notable recent releases include the Xbox Live Arcade versions of Serious Sam, and the addition of the divisive Blood Rayne and Advent Rising titles to digital distribution portals.
Majesco’s woes continue elsewhere; the publisher is still settling a lawsuit with Southpeak Interactive over the former’s publication of the latest My Baby title.