Gamestop Inc Will Die, They Say, But Publisher Actions Speak Louder T... -10/29/09 at 12:54 PM CDTby Perry Rod

Gamestop’s closest U.S. comparable is Best Buy (BBY).  Analysts for Best Buy Inc. are predicting an 8% year over year EPS growth rate.  Based on current trading prices, BBY trades at a P/E ratio of around 13. Meanwhile, analysts project a 14% year over year EPS increase at Gamestop Inc (NYSE:GME).  With higher analyst growth expectati...

NPD Results Delayed for Gamestop Corp, Activision, Take Two Interacti... -10/15/09 at 5:27 PM CDTby Mahyar Hashemi

Video game investors will have to wait a couple more business days to see September's NPD results for video game software and hardware sales.  "We have just released a communication to our clients, explaining that, due to last minute processing requirements, the NPD Video Games Retail Tracking information for September 2009 will now be released on Mo...

Roddy Boyd, Formerly of News Corporation and Time Warner Inc., and th... -10/13/09 at 3:21 PM CDTby Mark Mitchell

“Telling the truth is only possible by accident through a special sort of boastfulness…” - Fyodor Dostoevsky, “The Idiot” Regular readers of Deep Capture are aware that we have sought to expose certain journalists who seem to serve the interests of a network of market miscreants, many of whom are tied to the famous criminal ...

Wedbush Morgan Upgrades Gamestop (GME) -10/08/09 at 10:59 AM CDTby Perry Rod

Calling Gamestop's guidance "conservative" and citing valuation, Wedbush Morgan senior analyst Michael Pachter raised his rating and price target for Gamestop to $34 and "Outperform". "We expect industry sales to return to positive territory in September, and think that GameStop is well positioned to recover as well. " Gamestop is up around 3% this mornin...

Electronic Arts Chairman Larry Probst in a High Profile Failure -10/02/09 at 2:41 PM CDTby Perry Rod

Larry Probst, current chairman of Electronic Arts (ERTS), served for three years as the company's CEO and is its largest individual shareholder.  In that three years, Electronic Arts stock was flat while the S&P 500 rose 30% and Activision, its biggest competitor, rose 170%.  He stepped down as CEO in 2007 but still holds the position of cha...

Another Day, Another Buyout Rumor - This Time Electronic Arts -09/23/09 at 2:35 PM CDTby Mahyar Hashemi

Why so many rumors in the video game space about acquisitions? Because apparently they work.  THQ Inc. (THQI) was up 13% yesterday as a result of a rumor that Viacom and others are interested in buying them.  But as one poster pointed out, why would THQ raise 100 million in a convertible offering one month prior to a proposed buyout?  It sh...

Another Take Two Scandal, or Just Another Wall Street Scandal? -09/15/09 at 11:14 AM CDTby Perry Rod

An unusual event occurred at 4:01 PM on September 1st, 2009 as video game investors were staring intently at their Dow Jones Newswire streamers.  Take Two Interactive (TTWO) was to announce earnings on that day and news hit the streamer, “Take-Two Swings To 3Q Loss; Co Cautious On FY Outlook.”  Opening up the report revealed an exten...

Take Two Interactive Burns Through 300 Million Cash -09/02/09 at 12:10 PM CDTby Perry Rod

It was just one year ago that Take Two (TTWO) Interactive Software Inc. announced that it had accumulated 339 million dollars in cash from the success of Grand Theft Auto 4.  They had no debt. Today, just twelve months later, they have managed to burn through almost all of that cash.  With a recent 5 million dollar cash settlement and 138 millio...

Xbox 360 Pricecut Welcomed By Interactive Entertainment: Activision, ... -08/24/09 at 8:36 AM CDTby Perry Rod

At the GamesCom conference last week, eyebrows were raised when Microsoft did not announce a pricecut of the 360 after Sony announced their PlayStation 3 console's drop to $299. Over the weekend, however, a Wal Mart (WMT) advertisement distributed by video game website Kotaku and also another regional chain advertisement appear to confirm the coming of a ...

Sony PS3 Pricecut, Welcome News for Activision, Electronic Arts, Game... -08/18/09 at 12:57 PM CDTby Perry Rod

There is a universal sigh of relief in the interactive entertainment industry today as Sony has just announced at the end of their Gamescon 2009 presentation that the new PlayStation 3 Slim will now be $299 (299 euros, 29980 yen).  That will also be the new price for all PlayStation 3's for sale on the market starting tomorrow, August 19, 2009. Kotak...

Electronic Arts CFO Says EA No Longer Interested in Take Two Interactive -08/11/09 at 3:18 PM CDTby Perry Rod

In response to a question at the Pacific Crest Technology Leadership Forum in Vail, Colorado earlier today, Electronic Arts (ERTS) Chief Financial Officer Eric Brown offered EA's most definitive statement yet on a possible deal between Take Two (TTWO) Interactive Inc. and EA. "That's a deal whose timeframe has, you know, come and long gone. And so we're j...