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THQ: Welcome to the Jungle -11/16/10 at 8:06 AM CSTby Perry Rod
The once mighty shovelware developer, THQ Inc.
(THQI), has found itself surrounded, deep in enemy territory. With
the rise of the Wii and Nintendo based products, THQ has been
forced to move away from children's products and is trying to
succeed with what the industry calls, "core titles." These
are risky high development cost titles for an older de...
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TTWO ERTS ATVI
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Take Two, THQ Down 20% in August -09/01/10 at 12:56 PM CDTby Perry Rod
With the NASDAQ and Dow Jones Index down 6% and
4%, respectively, two video game publishers have seen their shares
beaten down to a bloody pulp in the last month – THQ Inc.
(NASDAQ:THQI) and Take Two Interactive (NASDAQ:TTWO). Competitor
Electronic Arts (NASDAQ:ERTS), meanwhile, was down 4% in the same
period. THQ issued a weak quarterly update whic...
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THQ Says Wait Until 2012 For Growth
-08/12/10 at 11:34 PM
CDTby Perry Rod
Yeah, wait until the stock drops another couple
dollars. THQ (NASDAQ:THQI) now says that it will earn
“roughly” .81 to .86 in its second half this fiscal
year (ending in March, 2011). That’s because the
company just lost .21 in a quarter that featured its crucial UFC
title and now forecasts .60 to .65 in adjusted losses for i...
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GME NFLX BBY BBI TTWO
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Michael Pachter Overestimates, Take Two Interactive Shares
Tumble -08/12/10 at
9:07 PM CDTby Perry Rod
Call it the Pachter effect. Video game analyst
Michael Pachter, who himself has seemed to admit in the past that
his monthly U.S. sales estimates for publishers come without much
extensive research, has perhaps managed to help move Take Two
Interactive’s stock (NASDAQ:TTWO) down about 17% in only
three days. How? On Monday of this week,...
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THQ Inc. E3 2010 Performance Review
-06/21/10 at 10:15 AM
CDTby Perry Rod
THQ (NASDAQ:THQI) knows how to put on a show at
E3. You would never know that they are struggling as a
company if you saw the noise they made at E3. But in the end,
it’s a question of whether their titles hold up among the
competition: Red Faction - This new iteration looks similar to the
previous offering as far as graphics, but doesn't...
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ERTS ATVI BBI TTWO
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Hopes and Dreams Continue at Take Two Interactive
Software -12/28/09 at
10:11 AM CSTby Perry
Rod
He said in 1993 it was always his dream to run
his own media company. Strauss Zelnick left a nice job at Fox
and took a big risk to work on a start-up video game company,
Crystal Dynamics. That risk turned out to be a failure for
him at the time but provided him with a resume entry that would
prove to be invaluable. When Carl Icahn bought int...
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TTWO ERTS ATVI GME
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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...
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BBI TTWO ERTS ATVI GME
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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...
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Why THQ Inc. (THQI) is Unlikely To Be A Buyout Target And Why
dealRep... -09/22/09 at
11:49 AM CDTby Perry
Rod
Take Two (TTWO) Interactive, a company with a
major video game sports division, received a buyout offer last year
from video game sports giant Electronic Arts (ERTS) before the
market storm. Today, there is a rumor that THQ (THQI), whose
list of internal intellectual property is small and comparatively
unimpressive in terms of sales volume, is recei...
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TTWO ERTS ATVI
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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...
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ATVI GME TTWO ERTS
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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 ...
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TTWO ERTS ATVI GME COOL
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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...
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