Overstock CEO Patrick Byrne Was Right All Along, Says CNBC's Charlie ... -09/04/09 at 12:00 PM CDTby Judd Bagley

It has been long maintained at Deep Capture that Charlie Gasparino is possibly the most insightful figure at CNBC. Today, Mr. Gasparino underscored that status while on air with Joe Grano, former CEO at UBS Financial Services (HIG) and an early predictor of the current financial crisis. Grano’s interview was set to coincide with the upcoming first a...

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...

Former New York Times Company Contributor Gary Weiss Banned From Dail... -08/12/09 at 2:58 AM CDTby Reggie Abaca

Gary Weiss, a former contributor for Forbes, Salon and The New York (NYT) Times, has apparently been caught writing a blog on The Daily Kos with a false name and even discussing himself in the third person through an alter ego, “Tom Sykes”.  Andrew Perez, another blogger from the Daily Kos has stated that administrators have banned &ldquo...

Summer Meltdown For The Video Game Industry -07/30/09 at 8:18 AM CDTby Perry Rod

Sony and Nintendo reported disappointing numbers in Japan overnight. Nintendo Wii sales dropped 57% year over year from 5.17 million to 2.23 million units worldwide.  Sales of PlayStation 3 dropped 31% year over year from 1.6 million to 1.1 million units worldwide.  PS3 software sales were down 35% in that same period.  The PlayStation Port...

As Game Group PLC Struggles, Gamestop Shares Feel The Heat -07/02/09 at 3:20 PM CDTby Mahyar Hashemi

Shares of Game Group fell 13.4% in London trading as preliminary earnings results for the first half of the year failed to meet market expectations. "Our sales performance to date, together with our gross margin increases and continued cost focus, means that we expect to deliver first half profits before tax and non-recurring costs in line with plan at be...

Nerd Investors And Gaming Dorks Join Forces To Proclaim The End of Ga... -06/21/09 at 8:17 PM CDTby Perry Rod

If you're a person who makes a living making money in the finance world, I would think you're probably a totally "cool" guy.  You're the life of a party, amazingly handsome, and with the most seductive personality.  After all, isn't that what makes for a great financial analyst? You're probably a lot like cool video game industry writers who, t...

Sirius XM Radio Inc iPhone Application Does Not Include Howard Stern ... -06/17/09 at 11:46 PM CDTby Peter York

The first downloaders of SIRIUS XM Radio for the iPhone are reporting that the application does not include certain popular channels including Howard Stern's Sirius channel.  Sirius (NASDAQ:SIRI) posted an explanation on their website: "SIRIUS & XM offer all of the channels for which we have mobile performance rights. For that reason, certain cha...

THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First Month -06/11/09 at 6:40 PM CDTby Mahyar Hashemi

According to research group NPD, UFC Undisputed moved just over a million copies in its first twelve days on the shelf in North America.  That may explain why THQ stock is up 64% since its release date.  Analysts were expecting much fewer first month sales.  Wedbush Morgan senior analyst Michael Pachter had predicted 400,000 copies to sell ...

Digital Downloads Make For Great Stories About GameStop, But Little S... -06/11/09 at 12:34 PM CDTby Mahyar Hashemi

Gamestop Inc. (GME) stock has seen a valuation plunge in recent months.  Strong earnings and consistent growth do not have everybody convinced.  It's due to the most idealized repeated story about the video game industry today.  In ten years, they say, half of all video games will be downloaded. What? Based on what, exactly? The PC download...

Overstock CEO Calls Out Jim Chanos on Insider Trading, Naked Short Se... -06/10/09 at 12:04 PM CDTby Perry Rod

Partial transcript of Overstock CEO Patrick Byrne on Fox Business News (06/05/09): "Let me describe the activity that Jim Chanos is covering up with what I think is smoke and mirrors.  The SEC has confirmed an investigation into Jim Chanos.  E-mails have emerged from a New Jersey courthouse that document that an analyst at Morgan Keegan was feed...